An economy that is operating below its full-employment capacity is experiencing a(n):
a. tax-induced recession.
b. recessionary gap.
c. fiscal drag.
d. market correction.
e. inflationary gap.
b
Economics
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Monetary policy is made by the ______
Fill in the blank(s) with correct word
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Most MNEs generate a majority of their revenues in their home regions.
a. true b. false
Economics
Examples of assets that are included in household wealth would be
What will be an ideal response?
Economics
Firms 1 and 2 compete in a Cournot duopoly. If firm 2 adopts a strategy that raises firm 1's marginal cost:
A. firm 2 will lose market share. B. firm 1 will reduce its output. C. firm 2 will enjoy lower profits. D. None of the statements is correct.
Economics