An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase
B. increase; increase
C. decrease; decrease
D. increase; decrease
Answer: D
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Regulation of the financial system
A) occurs only in the United States. B) protects the jobs of employees of financial institutions. C) protects the wealth of owners of financial institutions. D) ensures the stability of the financial system.
Since the 1870's, the decade with the slowest average annual percent growth rate in labor productivity was the 1970's
Indicate whether the statement is true or false
Discrimination based on institutional factors occurs when:
A. women postpone having children in order to succeed professionally. B. women remain in low-paying jobs because of family responsibilities. C. employers hire a man who is more qualified than a woman. D. employers pay women less than men for doing the same job.
People are classified as unemployed if
A. they choose to exit the labor force because they cannot find a job. B. they are not working for voluntary reasons. C. they are willing and able to work but cannot find a job. D. they do not have a job because they choose to work at home for no pay.