Policy makers and citizens who want to expand the size of the government sector would favor stabilization policies that
a. raise G to eliminate a recessionary gap and lower taxes to eliminate an inflationary gap.
b. raise G to eliminate a recessionary gap and raise taxes to eliminate an inflationary gap.
c. reduce taxes to eliminate a recessionary gap and raise G to eliminate an inflationary gap.
d. reduce taxes to eliminate a recessionary gap and reduce G to eliminate an inflationary gap.
b
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A basic precondition necessary to achieve economic growth is
A) a well-organized work force. B) well-functioning factories. C) a strong central government that directs the nation's research and development activities. D) a well-functioning legal system. E) well-being of society.
The ________ is the chief executive body of the European Union (EU)
A) European Parliament B) European Executive Branch C) European Trade Body D) European Commission
Free trade may be good for a nation, but not for everyone in the nation. Explain why free trade is controversial and the list the justifications that proponents of trade adjustment assistance offer in support of those policies
What will be an ideal response?
Game theory can be used to investigate
a. why cartels break down. b. why some firms maintain excess productive capacity. c. how oligopolists set prices. d. All of the above are correct.