The U.S. economy in the 1960s was dominated by a massively expansionary ________ policy that ended up ________
A) monetary, overstimulating the economy
B) monetary, being impotent in ending the long stagnation of that decade
C) fiscal, overstimulating the economy
D) fiscal, being impotent in ending the long stagnation of that decade
C
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Megan, an analyst in Ronald's team called in sick on a day when 4 projects were due for completion. Ronald divided Megan's work between the remaining six team-members. Which form of governance is being used here?
a. Etiquette b. Hierarchy c. Contract d. Market
The price of leisure is the
a. wage rate. b. interest rate. c. discount rate. d. rate of return on investment.
A firm may pay efficiency wages in an attempt to
a. reduce incentives to shirk. b. reduce turnover. c. attract a well-qualified pool of applicants. d. All of the above are correct.
Table 34-2 ? ? Output per Unit Labor Input ? England Portugal Cloth 20 24 Wine 2 12 Using the data from Table 34-2, suppose England transfers 2 units of labor from wine to cloth and Portugal transfers 1 unit from cloth to wine. The combined production of wine and cloth will be increased by
A. 16 wine, 8 cloth. B. 16 wine, 16 cloth. C. 12 wine, 12 cloth. D. 8 wine, 16 cloth.