The U.S. recession of 2007-2009 provides a good example of:
A. demand-pull inflation.
B. cost-push inflation.
C. a recessionary expenditure gap.
D. the repercussions of hyperinflation.
C. a recessionary expenditure gap.
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Faster long-term growth can be achieved by discouraging saving and encouraging consumption
Indicate whether the statement is true or false
Many professional sports athletes have incentive clauses in their contracts. These indicate that
A) the team owner has asymmetric information. B) the athlete might engage in moral hazard, which the team owner wishes to avoid. C) the athlete might engage in adverse selection, which the team owner wishes to avoid. D) the athlete has stronger negotiators.
Your textbook presents as an example of a distributed lag regression the effect of the weather on the price of orange juice
The authors mention U.S. income and Australian exports, oil prices and inflation, monetary policy and inflation, and the Phillips curve as other potential candidates for distributed lag regression. You are considering estimating the effect of minimum wages on teenage employment (employment population ratio) using a time series of U.S. data. Write a short essay on whether a distributed lag model would be a suitable tool to figure out dynamic causal effects in this case. What will be an ideal response?
One of the most important and most visible roles of the IMF is to
A) hold regular negotiations over tariff reductions. B) investigate countries that are charged with being unfair traders. C) provide loans to countries that need capital to develop their economies. D) intercede by invitation when countries cannot pay their international debts.