The business cycle that results from the election campaign of incumbent politicians is called a:
a. monetary business cycle.
b. time consistent business cycle.
c. political business cycle.
d. real business cycle.
e. historical business cycle.
c
You might also like to view...
The collapse of the Bank of Credit and Commerce International, BCCI, showed the difficulty of international banking regulation. BCCI operated in more than ________ countries and was supervised by the small country of ________
A) 70, Luxembourg B) 100, Monaco C) 70, Monaco D) 100, Luxembourg
In the above table, the fact that there is a minus sign before the number for unilateral transfers means that
A) Country X has significant inflation. B) Country X imported more goods than it exported. C) Country X received more in foreign aid than it gave in foreign aid. D) Country X gave more to foreign residents than foreign residents gave to Country X.
The Smith family buys much more macaroni when someone in the family is laid off. This means that the Smiths' ____ is negative
a. demand curve for macaroni b. income elasticity for macaroni c. Engel's law d. income e. price elasticity of demand for macaroni
When the aggregate supply curve shifts adversely, what happens to the relationship shown in the Phillips curve?
a. It is reinforced, and made more applicable for policy. b. It is destroyed, and no longer applies for policy. c. It is unchanged, although the curve becomes less steep. d. It is unchanged, although the curve shifts inward and to the left.