Technically speaking, in what year did the “Great Recession” end?
A. 1933
B. 1935
C. 2007
D. 2009
E. It had not ended as of 2011.
Answer: D
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According to liquidity preference theory, the money-supply curve is
a. upward sloping. b. downward sloping. c. vertical. d. horizontal.
Without a change in discretionary fiscal policy, we would expect that if the economy goes into recession, then the:
A. Cyclically-adjusted deficit and the actual deficit would both increase B. Cyclically-adjusted deficit and the actual deficit would both decrease C. Cyclically-adjusted deficit would stay the same while the actual deficit would increase D. Cyclically-adjusted deficit would increase while the actual deficit would stay the same
Refer to the information in Figure 16.5 below to answer the question(s) that follow.
?Figure 16.5Figure 16.5 shows the marginal benefits of emitting pollution for the only two chemical companies in an industry, Alpha Chemicals and Beta Chemicals. Before any tax on pollution emissions is imposed, each company views pollution as being free.Refer to Figure 16.5. The government decides to impose a tax on pollution emissions to cut total emissions in this industry in half, and based on this decision it has set the tax at $100 per ton of emissions. Following the implementation of this tax, the total amount of emissions reduction in this industry will be
________ tons. A. 25 B. 50 C. 75 D. 100
Refer to the figure above. A tariff of ________ would be purely protective
A) $0 B) $5 C) $8 D) $10