Government actions that were taken in order to stimulate the economy during the Great Recession of 2007-09 included the following, except:
A. A significant reduction of interest rates to nearly zero
B. A large increase in transfer payments
C. An increase in the deficit-spending of the government
D. A sharp increase in the natural rate of unemployment
D. A sharp increase in the natural rate of unemployment
You might also like to view...
If growing income inequality results from changes in technology that, as a whole, make society better off, this will
A) increase the size of the economic pie. B) decrease the size of the economic pie because of the income inequality. C) not change the size of the economic pie because the positive technology changes will be offset by the increases in income inequality. D) result in complete income inequality as technology continues to change in the future.
________ is the process of determining terms of exchange by individual negotiations between a buyer and a seller
A) Backward induction B) Bilateral bargaining C) Arbitration D) Collective bargaining