The government may enact contractionary fiscal policy if there are concerns about
A. excessive inflation.
B. declining output.
C. high unemployment.
D. high tax rates.
Answer: A
Economics
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Three potential rescuers witness a drowning surfer. Each is willing to rescue the surfer with probability 0.80. What is the probability that the surfer is rescued?
What will be an ideal response?
Economics
Someone who does not have a job but is not counted as unemployed, such as a retiree, is:
A. not in the civilian labor force. B. considered employed. C. still, nonetheless, part of the civilian labor force. D. not counted in the civilian adult population.
Economics