There is no guarantee that running a trade ___________ will bring robust economic health.
a. surplus
b. deficit
c. show
d. event
a. surplus
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According to new growth theorists, more technological improvements can be brought about by
A) the government taking a more active role in regulating industries. B) government policies that lead to increases in human capital. C) tougher immigration laws. D) a government policy that encourages increased consumption.
During a discussion with fellow economics students, Oliver emphasized the fact that prices and wages are sticky and they do not adjust quickly. Which of the following macroeconomic perspectives has most likely had the greatest influence on Oliver?
a. Classical b. Keynesian c. Neo Keynesian d. Neoclassical
In the United States, the debt burden tends to rise during ________ and fall during ________
A) wartime, but only if the war is of short duration; peacetime B) peacetime; wartime, but only if the war lasts several years. C) peacetime; wartime D) wartime; peacetime
If the Fed buys U.S. Treasury securities, then this
A) increases reserves, causes banks to reduce their loans, and increases the money supply. B) decreases reserves, causes banks to reduce their loans, and decreases the money supply. C) increases reserves, encourages banks to make more loans, and increases the money supply. D) decreases reserves, causes banks to reduce their loans, and increases the money supply.