Disinflation is like
a. slowing a car down, whereas deflation is like putting the car into reverse gear.
b. maintaining a car's speed, whereas deflation is like slowing the car down.
c. putting a car into reverse gear, whereas deflation is like slowing the car down.
d. maintaining a car's speed, whereas deflation is like putting the car into reverse gear.
a
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Identify the correct statement
A) Countercyclical monetary policy stimulates the economy during a recession by shifting the labor demand curve to the left. B) Countercyclical fiscal policy stimulates the economy during a recession by shifting the labor demand curve to the left. C) Countercyclical monetary policy slows down the growth rate of an economy during an expansion by shifting the labor demand curve to the right. D) Countercyclical fiscal policy stimulates the economy during a recession by shifting the labor demand curve to the right.
According to monetarists, the natural rate theory
a. denies the tradeoff between inflation and output. b. argues that there is a stable tradeoff between inflation and output. c. shows that activist policies work best. d. believes that the Phillips curve relationship breaks down when policymakers attempt to use it.
If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be:
a. $40. b. $60. c. $6,000. d. $8,000.
What do you mean by a specialized task assignment and what are its advantages?
What will be an ideal response?