During a recession:
a. Government spending automatically rises and taxes automatically rise.
b. Government spending automatically falls and taxes automatically rise.
c. Government spending rises automatically and taxes fall automatically.
d. Government spending and taxes do not tend to change.
e. None of the above.
Question 2
If a nation has flexible exchange rates and its current and captial accounts equal zero, then the:
a. Financial account must be positive
b. Financial account must be zero.
c. Reserves account can be positive or negative depending on the size of the budget deficit and exchange rate.
d. Financial account plus reserves account must equal zero.
Because the leg muscles of children with muscular dystrophy are weak, they must perform the Gowers’
Sunlight shining through clouds, giving rise to crepuscular rays.
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
When the O2S voltage rises above 450 mV, the PCM starts to control the fuel mixture based on ...
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...