During a recession, liberal economists would be most in favor of
A. spending cuts.
B. spending increases.
C. tax cuts.
D. tax increases.
B. spending increases.
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The natural rate of unemployment is fixed and unchanging
Indicate whether the statement is true or false
Controlling the nation's money supply is the most important duty of the Federal Reserve
Indicate whether the statement is true or false
Which of the following market structures does not have predictable price and output decisions at which the firms will arrive rationally?
A. Perfect competition B. Oligopoly C. Monopolistic competition D. Monopoly
By opening up to foreign markets two things countries generally experience are:
A. increase in negative trade outcomes with that nation and finding customers who generally pay less for their products. B. access to a smaller array of new products and increase in negative trade outcomes with that nation. C. access to a smaller array of new products and saving money through access to cheaper goods. D. saving money through access to cheaper goods and finding new customers for their products.