Recessionary gaps lead to falling inflation and falling unemployment.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In tit-for-tat, if your partner ________ in your first interaction, then you will ________ in your next interaction.
A. defects; defect B. defects; cooperate C. defects; refuse to play D. cooperates; defect
Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Reducing systemic threats to the U.S. financial system. b. Slow economic growth and the need for Congress to increase spending. c. Solving the "too big to fail" problem in the U.S. financial system. d. Improving credit rating agency performance and accountability.
The typical economic life cycle illustrates how people tend to
a. borrow more when they are younger and save more when they are middle-aged. b. earn their peak incomes immediately prior to the typical retirement age of 65. c. adjust their consumption based on changes in their transitory income. d. All of the above are correct.
Expansionary fiscal policy leads to higher domestic interest rates.
Answer the following statement true (T) or false (F)