The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending.
B. recessionary gaps.
C. expansionary gaps.
D. unemployment.
Answer: B
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What will be an ideal response?
With the debris of more than 50 years of climbing on the beautiful high slopes — oxygen canisters, tents, backpacks and even some bodies — Mount Everest has been called the world's highest garbage dump
If Everest is a common resource, currently there is an ________ of the mountain. A) inefficient underuse B) efficient overuse C) efficient underuse D) inefficient overuse
The recognition lag is the length of time it takes between recognizing a problem and adopting a policy to address that problem.
a. true b. false
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. Suppose the economy is initially at Point A. A contractionary fiscal policy moves the economy to Point ________ in the short run.
A. E B. B C. C D. D