Which of the following should be increased during an expansion?
A) Government spending B) Unemployment
C) Inflation D) Tax rates
D
You might also like to view...
According to this Application, those communities that were more exposed to imports had larger increases in workers receiving
A) unemployment insurance. B) disability payments. C) food stamps. D) all of the above
To estimate dynamic causal effects, your textbook presents the distributed lag regression model, the autoregressive distributed lag model, and a quasi-difference representation of the distributed lag model with autoregressive errors
Using a simple example, such as a distributed lag model with only the current and past value of X and an AR(1) model for the error term, discuss how these models are related. In each case suggest estimation methods and evaluate the relative merit in using one rather than the other. What will be an ideal response?
Figure 36-6
?
In Figure 36-6, an expansive fiscal policy in a closed economy results in an equilibrium at point E. In an open economy, allowing for the effects of the induced change in the currency value, the final equilibrium would be point
A. B. B. F. C. J. D. H.
When economies of scale are large, firms can reduce their average total cost by:
A. eliminating the bureaucratic costs. B. merging into even larger firms. C. hiring professional managers. D. selling off their subsidiaries.