Contractionary fiscal policy is used to decrease aggregate demand in an attempt to fight rising inflation
Indicate whether the statement is true or false
TRUE
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Suppose that labor productivity in one economy is higher than it is in some other economy. Does that mean that the first economy is using its productive resources better than the second economy? Explain
What will be an ideal response?
When the federal government uses taxation and spending actions to stimulate the economy, it is conducting:
A. monetary policy. B. incomes policy. C. employment policy. D. fiscal policy.
Savings banks and savings and loans are regulated by a combination of agencies which includes the:
A. Office of the Comptroller of the Currency. B. Securities and Exchange Commission. C. Internal Revenue Service. D. Federal Reserve System.
A weakness in the ________ study entitled The Limits to Growth is that it did not account for technological change.
A. the Club of Rome's B. the Fed's C. the European Union's D. the World Bank's