Refer to the table for a fictional economy. The changes in the budget conditions between 2001 and 2002 best reflect a(n):
A. recession.
B. expansionary fiscal policy.
C. tax increase.
D. contractionary fiscal policy.
D. contractionary fiscal policy.
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In countries that have a high degree of employment protection as measured by the World Bank's Rigidity of Employment Index, approximately ________ of jobless workers have been employed for more than one year
A) 5% B) 16% C) 27% D) 43%
What are the main influences on the FOMC federal funds rate decision?
What will be an ideal response?
A profit maximizing perfectly competitive firm would never operate at an output level where a. it would not cover all of its variable costs
b. it was not earning a positive economic profit. c. it was not earning a zero economic profit. d. it was not earning an accounting profit.
Which branch of economics is most likely to study differences in countries' growth rates?
A. macroeconomics B. microeconomics C. experimental economics D. normative economics