Suppose the actual budget deficit increases when the economy falls into a recession. This is an indication that
A) monetary policy was used during the recession.
B) monetary policy was not used during the recession.
C) fiscal policy was used during the recession.
D) fiscal policy was not used during the recession.
Question 2
The model of expectations in which the current level of inflation depends on past levels is referred to as:
A) realized real expectations. B) adaptive expectations.
C) rational expectations. D) composite expectations.
Species richness increases with island size.
The number of words correctly completed in the New York Times crossword puzzle increases with age ...
Jet streams and Earth’s heat budget
Predicted versus Actual GDP per Worker
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
Beak size in finches during dry years increases because of strong selection