One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money.
B. by increasing government spending.
C. by setting price ceilings on most goods so people can afford them.
D. None of these will help an economy in recession.
Answer: B
You might also like to view...
Refer to the table above. The private sector balance is a
A) $700 billion surplus. B) $400 billion deficit. C) $700 billion deficit. D) $2,900 billion deficit. E) $2,900 billion surplus.
The definition of a job loser is an individual
A. who quits his job voluntarily. B. who is underemployed. C. who competed for a promotion at his company and did not get it. D. whose employment was terminated involuntarily due to a downturn in the economy.
One way investment banks differ from commercial banks is that investment banks
A) lend exclusively to households. B) do not take in deposits. C) only buy and sell mortgages. D) trade only in foreign exchange markets.
A decrease in the price of VCRs will increase demand for video cassettes.
Answer the following statement true (T) or false (F)