Fed policies since the 1980s have attempted to
A) overshoot natural real GDP.
B) undershoot natural real GDP.
C) "stall" the economy whenever natural real GDP is growing too fast.
D) A and B.
E) none of the above.
E
Economics
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Which of the following statements is incorrect?
a. Budget deficits raise the national debt. b. The concepts of deficit and debt are closely related. c. Getting rid of the deficit eliminates accumulated debt. d. Budget surpluses lower the national debt.
Economics
Specialization allows for
A. more consumption for the trading partner with the comparative advantage. B. equal consumption among trading partners. C. more consumption for the trading partner with the absolute advantage. D. more consumption for all trading partners.
Economics