The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending.
B. recessionary gaps.
C. expansionary gaps.
D. unemployment.
Answer: B
Economics
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________________: Value to a particular individual (investor).
Fill in the blank(s) with the appropriate word(s).
Economics
According to this Application, the recessions in 1973 and 1979 were caused by
A) foreign monetary developments. B) deflation. C) arbitrage losses in the foreign exchange market. D) supply shocks.
Economics