A government is most likely to use a reflationary policy:
a) In a recession
b) In a boom
c) When there is fast GDP growth
d) When prices are increasing fast
Answer: a) In a recession
Economics
You might also like to view...
Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. This would tend to cause the labor demand curve for citrus pickers to shift to the
A) left, increasing wages. B) right, increasing wages. C) left, decreasing wages. D) right, decreasing wages.
Economics
Do rent ceilings result in any deadweight loss?
What will be an ideal response?
Economics
The person or firm that pays a tax bears the burden of the tax
Indicate whether the statement is true or false
Economics
Differentiate between an induced increase in consumption and an autonomous increase in consumption. How are they represented on a graph?
Economics