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.
D
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Given below are the current account transactions of an economy in a year
a. exported goods and services worth $120 billion b. imported goods worth $200 billion c. revenue earned from manufacturing plants situated abroad equals $80 billion d. dividend paid to foreign investors equals $10 billion e. donations and disaster relief funds given to a foreign country equal $10 billion f. received "gifts" worth $5 billion from foreign donors towards poverty alleviation i) Calculate the economy's trade balance. ii) What will be the balance in the economy's current account?
Historically, the leading official reserve asset was
A) gold. B) the U.S. dollar. C) the British pound. D) the German mark.
When the quantity of a good bought and sold is below the market equilibrium quantity, the loss of total surplus that results is called:
A. deadweight loss. B. producer surplus. C. consumer surplus. D. total surplus.
Rent control continues to survive despite its flaws because
A. economists generally favor it. B. landlords like its simplicity. C. it creates economic growth in a city. D. those displaced by the policy do not live in the community and cannot vote to end it.