Persons who argue that monetary and fiscal policy should be deliberately used to smooth out the business cycle are called
A) activists.
B) disciples.
C) nonactivists.
D) controllers.
A
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A _____ is a congressional agreement about total outlays, spending by major category, and expected revenues, which guides spending and revenue decisions by the many congressional committees and subcommittees
a. continuing resolution b. budget resolution c. disclaimer vote d. filibuster e. stimulus plan
The name of the rate that equalizes the prices of internationally traded goods between countries is called the
a. international interest rate. b. arbitrage rate. c. purchasing power parity rate. d. foreign exchange rate.
Larry has a comparative advantage over his classmates in writing term papers if he:
A. has a lower opportunity cost of writing term papers than his classmates. B. has an absolute advantage in writing term papers. C. can write term papers faster than his classmates. D. always earns an A on his term papers.
Which of the following IACs (industrially advanced countries) gave the smallest share of its GDP to foreign aid or development assistance to DVCs (developing countries) in 2012?
A. United States B. Japan C. Canada D. Germany