The goal of stabilization policy is to smooth out fluctuations in GDP.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The potential for a financial breakdown at one financial institution to spread throughout the financial system is known as a
A) lending risk. B) systemic risk. C) moral hazard. D) liquidity risk.
If we are interested in knowing whether a poor country is improving economically, we want to know not only what the economic growth rate is, but also
A) whether the economic growth rate is faster than other nations' growth rates. B) whether government spending is growing at the same rate. C) whether the economic growth rate is greater than last year's rate. D) whether the lowest income groups are benefiting from the growth.
The percentage of our population below the poverty line is about _____%.
Fill in the blank(s) with the appropriate word(s).
Other things equal, a serious recession in the economies of U.S. trading partners will:
A. have no perceptible impact on the U.S. economy. B. cause inflation in the U.S. economy. C. depress real output and employment in the U.S. economy. D. stimulate real output and employment in the U.S. economy.