The macroeconomic conditions during the mid-1990s confounded many economists because of the simultaneous occurrence of
a. low unemployment and decreasing inflation rates.
b. low unemployment and increasing budget deficits.
c. low unemployment and increasing interest rates.
d. high unemployment and increasing inflation rates.
a
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What are the pros and cons of using cold turkey disinflation compared to a policy of gradualism?
What will be an ideal response?
Expansionary fiscal policy is used to
A) combat inflation. B) combat recessions. C) encourage private saving. D) make businesses more efficient.
Which of the following is true?
A. Japan has a high export ratio. B. Ireland has a low export ratio. C. The European nations tend to have lower export ratios. D. The United States has a very low export ratio.
What is the difference between a supply schedule and a supply curve?
What will be an ideal response?