In “How the Great Recession Was Brought to an End,” Alan S. Blinder and Mark Zandi wrote that the actions taken by today’s policymakers
a. were the same as those of the early years of the Great Depression.
b. are similar to those of the early years of the Great Depression.
c. stand in sharp contrast to those of the early years of the Great Depression.
d. are slightly different than those of the early years of the Great Depression.
c. stand in sharp contrast to those of the early years of the Great Depression.
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Describe the demand curve for a Giffen good
What will be an ideal response?
Refer to Table 19-17. What is real GDP in 2016, using 2011 as the base year?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
Which of the following is likely to decrease the supply of U.S. dollars in the forex market?
A. If foreign interest rates are low relative to U.S. interest rates B. If investors' confidence in foreign economies increases C. If U.S. consumers prefer foreign goods to U.S. goods D. All of these will increase the supply of U.S. dollars.
The rate of productivity growth is the primary determinant of an economy’s rate of _________ economic growth and higher wages.
a. long-term b. short-term c. immediate d. historic