In order to make effective policy changes, policy makers need to know
a. where the economy is going to be six to twelve months from now.
b. the magnitude of past recessions.
c. Keynesian economics.
d. the exact size of the current M1 money supply.
A
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A trade policy designed to alleviate some domestic economic problem by exporting it to foreign countries is know as a(n)
A) international dumping policy. B) countervailing tariff policy. C) beggar thy neighbor policy. D) trade adjustment assistance policy. E) redistribution quota policy.
When Dr. Sandy Roos treats a welfare patient and is paid by the government, the money she receives is part of the ________ category(ies) of government spending
a. income support, Social Security, and welfare b. veterans' benefits c. agriculture and public assistance d. international aid e. educational