The level of government payments ________ as prices fell and costs ________ in the 1980s, and ________ dramatically as prices rose in the 2000s
Fill in the blank(s) with correct word
Rose, rose, fell
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When both worker productivity and the price of the output being produced increase in an LDC, we can expect labor
a. demand to increase b. demand to decrease c. supply to increase d. supply to decrease e. supply and demand to shift out to the right
Data on trade barriers, income levels, and the growth of per capita GDP indicate that
a. there is no link between trade restrictions and either the per capita income levels or growth rates of economies. b. countries that impose high trade restrictions have both high income levels and rapid rates of economic growth. c. countries that impose high trade restrictions have low income levels, but they have been growing rapidly in recent decades. d. countries that have lower trade restrictions have both higher income levels and more rapid rates of economic growth than those with high trade barriers.
If firms were faced with greater uncertainty because of concern that oil prices might rise, they might decrease expenditures on capital. In response to this change, someone who advocated "lean against the wind" policies might advocate
a. decreasing the money supply. b. increasing taxes. c. increasing government expenditures. d. All of the above
If the rate of inflation is 6 percent, the prime rate of interest is 9 percent, and the unemployment rate is 6 percent, how much is the misery index?
What will be an ideal response?