The ________ due to a countercyclical policy during a recession is ________ when wages are downwardly rigid than when wages are flexible.
A) increase in employment; lower B) increase in interest rates; lower
C) increase in employment; higher D) increase in taxes; higher
Question 2
Assuming all else equal, if households are pessimistic about their future income, it is likely to cause a(n):
A) upward movement along their credit demand curve.
B) rightward shift of their credit demand curve.
C) downward movement along their credit demand curve.
D) leftward shift of their credit demand curve.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Wages and Machines in the Textile Industry, 1910
Share of Human Capital in Wages in Advanced Countries
The fiscal policy to counter an inflationary gap is a(n)