Currently, the case for increasing infrastructure spending in the United States is:
A. only compelling during economic downturns.
B. not compelling during an economic downturn.
C. compelling even when the economy is at full employment.
D. only compelling when the economy is at full employment.
Answer: C
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In the short run, an increase in the growth rate of the quantity of money ________ the nominal interest rate and in the long run it ________ the nominal interest rate
A) lowers; lowers B) raises; lowers C) lowers; raises D) raises; raises E) does not change; raises
The Sherman Act
a. created the Federal Trade Commission b. established the Department of Justice Guidelines c. regulated railroad and trucking industries d. outlawed restraints of trade e. forbade price discrimination
Which of the following economic variables is exogenous in the Three-Sector-Model?
a. Government spending on goods and services. b. Real GDP. c. GDP price index. d. Quantity of the domestic currency per time period. e. None of the above.
When the nominal exchange rate changes from 10 pesos per dollar to 8 pesos per dollar, the dollar has:
A. appreciated. B. become overvalued. C. depreciated. D. become undervalued.