Which of the following are accurate arguments suggesting that the fiscal stimulus did work?
a. Real GDP growth moved from negative to positive in 2009.
b. Employment increased in 2009.
c. The economy has natural self-correcting mechanisms.
d. The return on bailout assets reduced the deficit.
a
Economics
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The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a production point that is inefficient?
A) 0 units of good X and 40 units of good Y B) 6 units of good X and 28 units of good Y C) 10 units of good X and 16 units of good Y D) 3 units of good X and 35 units of good Y
Economics
As prices change, the elasticity of supply describes the movement
A) of a shift in the supply curve. B) of the equilibrium price. C) along the supply curve. D) from a necessity to a luxury good.
Economics