« previous next »

Author Question: Which of the following is not consistent with a self-correcting economy? a. Falling wages that ... (Read 68 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Which of the following is not consistent with a self-correcting economy?
 a. Falling wages that correct a recessionary gap
 b. Falling prices that correct a recessionary gap
 c. Rising prices that correct an expansionary gap
 d. Tendency of the short-run aggregate supply to shift until it intersects aggregate demand at potential GDP
  e. An active approach to a recession or depression

Question 2

In the event of a recession, which of the following is the most likely policy stance of those who advocate a passive approach to economic policy?
 a. Cutting taxes
 b. Increasing government spending
  c. Reducing interest rates
 d. Increasing the money supply
 e. Doing nothing


ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Glen Hansard and Marketa Irglova - Falling Slowly Glen Hansard and Marketa Irglova - Falling Slowly
Effect of Education on Wages Effect of Education on Wages
Breakdown of the Population by Schooling and Wages Breakdown of the Population by Schooling and Wages
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library