The 1973-1975 recession was caused by
A) the Fed's easy monetary policy.
B) the Fed's tight monetary policy.
C) business pessimism about investment caused by high tax rates on capital.
D) the quadrupling of oil prices by OPEC.
D
Economics
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Suppose a country's net exports equal zero. Which of the following will happen if the volume of imports increases without an increase in the volume of exports?
A) The country will experience a budget surplus. B) The country will experience a budget deficit. C) The country will experience a trade surplus. D) The country will experience a trade deficit.
Economics
In the circular flow model, the value of total income for an economy ________ the value of total production
A) equals B) is greater than C) may be greater than or less than D) is less than
Economics