Some fiscal policies are countercyclical
What will be an ideal response?
meaning they operate in the opposite direction to the business cycle (ex. if real GDP is decreasing, a countercyclical policy would be to increase government spending) and some are procyclical, which is the opposite. ationCn?%d
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MacDougall showed in his tests that
A) relatively higher U.S. labor productivity was associated with relatively higher U.K. export ratios. B) relatively higher U.K. labor productivity was associated with relatively higher U.K. export ratios. C) labor productivity ratios and export ratios were not associated with each other. D) None of the above.
Daniel has $300 in a bank account. Some years ago he put $213.20 into this account, and it has earned 5 percent interest every year since then. How many years ago did Daniel open his account?
a. 4 years b. 5 years c. 6 years d. 7 years