An appropriate fiscal policy for a severe recession is:
A. a decrease in government spending.
B. a decrease in tax rates.
C. appreciation of the dollar.
D. an increase in interest rates.
B. a decrease in tax rates.
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According to the text, to effectively control most American corporations requires
a. a person to own nearly all of the voting stock b. a person to own at least 51 percent of the voting stock c. a person to own at least 75 percent of the voting stock d. as little as 10 percent of the voting stock e. a person to own all of the corporate bonds
International standards for risk-based capital requirements were introduced under the
A) Federal Reserve Act of 1913. B) 1988 Basel Accord C) Community Reinvestment Act of 1977. D) Federal Deposit Insurance Act of 2008.
Labor productivity is defined as
A. the amount of output a typical worker turns out in an hour of work. B. the amount of output the best worker turns out in a day of work. C. the amount of output improvement in a year of work. D. the amount of average output improvement for a team in a year of work.
Free trade policies may lead to
A) a decrease in world output. B) price increases in world markets. C) some labor sectors experiencing some short-term job loss. D) none of the above.