President Obama's fiscal stimulus plan that helped the U.S. economy to come out of recession in 2009 is an example of an automatic stabilizer
Indicate whether the statement is true or false
false
You might also like to view...
A case study of NAFTA, with regard to the benefits for Canada from U.S. trade, found that:
a. Canada was not able to increase its exports due to barriers still remaining. b. Canada had modest gains but was harmed by immigration into the United States from Mexico. c. Canada had more trade diversion than trade creation and so was harmed overall. d. Canada had more trade creation than trade diversion and so benefited overall.
The government of country A has decided to maintain an exchange rate of 1 unit of its currency for 6 U.S. dollars in the long run. Country A can be said to have a:
A) managed exchange rate system. B) fully flexible exchange rate system. C) nominal exchange rate system. D) fixed exchange rate system.
The desired reserve ratio helps determine the amount of money banks can create
Indicate whether the statement is true or false
President Franklin Delano Roosevelt declared a bank holiday, closing all U.S. banks in ________
A) July 1776 B) October 1929 C) March 1933 D) September 2001