Which of the following European countries used fiscal policy to induce explosions in deficits to mitigate recession?
A. Spain
B. Germany
C. Italy
D. France
Answer: D
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A new country has been established on the moon and created a currency called cheesybits. Which of the following represents demand for cheesybits?
A. Luna lives on the moon and wants to travel to visit relatives in Japan. B. Moonbeam Incorporated, the largest company on the moon, sells building products for houses on the moon. C. Moonrock corporation needs new mining equipment that it buys from a manufacturer in Russia. D. Han is visiting the moon and wants to eat at his favorite restaurant, the Moonglow Bar and Grill.
Marginal cost
a. is the increase in total cost resulting from production of one additional unit of output. b. is the cost of the marginal unit of output. c. and the average cost curve are U-shaped. d. All of the above are correct.
In 1939 the U.S. economy was operating at point ________.
A. A
B. B
C. C
D. D
A price change would have the largest income effect on a
A. magazine. B. piece of clothing. C. car. D. tablet computer.