Four students, Tony, Steve, Natasha, and Bruce, are arguing the best strategy for the development of a nation. According to Tony, the country should try to achieve low rates of inflation and unemployment simultaneously. According to Steve, a country can never achieve low levels of unemployment and inflation simultaneously. Natasha argues that firms should lower the wages during recession rather

than laying off workers. Bruce disagrees, believing that the only way a country can achieve economic growth is by increasing the interest rate, which will increase the amount of investment and help the economy to grow. The person with the best strategy is _____.
a. Bruce
b. Tony
c. Natasha
d. Steve

d

Economics

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A production indifference curve shows all combinations of input quantities capable of producing a given quantity of output

a. True b. False Indicate whether the statement is true or false

Economics

Suppose the market demand for good X is given by QXd = 20 - 2PX. If the equilibrium price of X is $5 per unit, then the total value a consumer receives from consuming the equilibrium quantity is

A. $25. B. $100. C. $50. D. $75.

Economics