When the economy is in a recession, ____ rises and poverty ____
a. unemployment; decreases
b. employment; decreases
c. unemployment; increases
d. employment; increases
c
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
The DD schedule shows all combinations of which 2 variables so that the output market is in equilibrium?
A) imports and exports B) exports and the exchange rate C) foreign prices and the exchange rate D) output and the exchange rate E) output and exports
If you were the Chairman of the Fed and faced inflation, you would most likely
a. increase commercial bank reserves by raising the discount rate b. increase commercial bank reserves by buying government securities c. decrease commercial bank reserves by lowering the discount rate d. decrease commercial bank reserves by selling government securities e. decrease commercial bank reserves by lowering the legal reserve requirement
Which description of capitalism was coined by Karl Marx?
A. The capitalist is led by an invisible hand to promote an end which was no part of his intention. B. By pursing his own interest he frequently promotes that of the society more effectively than when he really intends to promote it. C. The factory owner, by paying his workers meager wages, is able to use this surplus to buy more capital goods. D. None of these statements were coined by Karl Marx.