In the event of a recession, which of the following is the most likely policy stance of those who advocate a passive approach to economic policy?
a. Cutting taxes
b. Increasing government spending
c. Reducing interest rates
d. Increasing the money supply
e. Doing nothing
e
Economics
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Income mobility
a. is a term used to characterize the ease of establishing residence or a business in a new area of the country. b. has increased in recent years because of reductions in transportation cost. c. is the term used to describe the movements up and down the economic ladder. d. is present only when the general level of prices is rising.
Economics
Banks can effectively choose their regulators by deciding whether to:
A. be a private or public corporation. B. be chartered at the national or state level. C. be a member of the Federal Reserve or not. D. purchase FDIC insurance or to forego the coverage.
Economics