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

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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