a negative side of long-term contracts is
What will be an ideal response?
a loss of flexibility
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We may note that unemployment:
A. exists at any time during the business cycle. B. only occurs during times of recession. C. is highest during times of economic booms. D. tends to increase during times of economic recovery.
A basic characteristic of a command system is that:
a. Government owns most economic resources b. Wages paid to labor are higher c. Government planners play a limited role in deciding what goods will be produced d. Free markets are never permitted in a command economy
Suppose you are a member of the Council of Economic Advisors and you are trying to get the US economy out of a recession and increase RGDP. What Keynesian macroeconomic policy could be advised to the government?
reduce the tax rate and increase government spending (expansionary fiscal policy) raise the tax rate and reduce government spending reduce government spending raise the tax rate
If inflation in the rest of the world is lower than inflation in Brazil, Brazil's currency (the real) would tend to appreciate
Indicate whether the statement is true or false