In 2008-2010, American policy makers decided to risk
a. higher inflation for the sake of decreasing unemployment.
b. higher unemployment to hold down inflation.
c. increasing taxes for the sake of reducing the budget deficit.
d. reducing government spending for the sake of balancing the budget.
a
You might also like to view...
Which of the following is a reason why the wage rate of high-skilled workers exceeds the wage rate of low-skilled workers?
A) The market for high-skilled workers is more competitive than the market for low-skilled labor. B) The demand for high-skilled workers exceeds the demand for low-skilled workers. C) The number of high-skilled workers exceeds the number of low-skilled workers. D) Low-skilled workers often are in the process of acquiring more human capital.
If the bidders at a second-price auction have true values of $78, $72, $66, and $65, the item will sell for
a. $78 b. just under $78 c. $72 d. just over $72
If the dollars per euro exchange rate increased,
a. Americans would purchase fewer European goods b. more U.S. firms would want to relocate to Europe c. more American tourists would travel to Europe d. the demand for euros would increase e. Europeans would become more highly respected
A firm that is currently producing at a level of output where marginal revenue is greater than marginal cost can increase profits by producing one more unit of output
a. true b. false