Fiscal policy can be offset by the actions of each of the following EXCEPT:
A. businesses.
B. consumers.
C. Congress.
D. The Federal Reserve.
Answer: C. Congress.
Economics
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Movements up along a particular short run Phillips curve are not consistent with: a. Increases in aggregate demand
b. Movements up along the short run aggregate supply curve. c. Shifting inflationary expectations. d. Movements up along a particular short run Phillips curve are consistent with all of the above.
Economics
Assume that the share of population employed in all countries is 50 percent. Based on the information in the table, which country has the smallest real GDP per capita? CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. Country D B. Country B C. Country E D. Country A
Economics