To "cure" their balance of payments deficits without altering exchange rates, Southeast Asian countries in 1997 were forced to create
a. more inflation.
b. recessions.
c. faster economic growth.
d. money at an accelerated rate.
b
You might also like to view...
You overhear the following in the hallway, "Everyone eventually dies, so how can a life insurance company make a profit? Isn't it a losing battle? You will always have to pay the death benefit to your clients!" You know that life insurance compa
can be profitable. This is because A) the premiums you pay on a life insurance policy are always more than any death benefit, so the insurance company always comes out ahead. B) older people with a greater probability of dying during the term of a policy are denied any death benefits. C) the insurance company collects more than enough in premiums today to cover expected benefits payable today. D) life insurance companies are notorious for cheating clients with "fine print" policy clauses.
In 2007 which country had the highest ratio of government expenditures to GDP?
A. Canada B. Switzerland C. United States D. none of these answer options are correct.
Which statement is true?
A. Poor people generally receive Social Security benefits. B. Medicaid is an "in-kind" benefit paid to poor people. C. Nearly all of the poor receive public assistance. D. None of these statements are true.
Which of the following economic perspectives would be most opposed to a balanced-budget rule?
A. Monetarism B. Mainstream economics C. Rational expectations D. New classical economics