Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher
B. expansionary; higher; potential
C. recessionary; higher; potential
D. recessionary; lower; lower
Answer: B
Economics
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The multinational agency that specializes in making loans to developing nations in an effort to promote long-term development and growth is the
A) World Trade Organization. B) International Monetary Fund. C) World Bank. D) United Nations Development Program.
Economics
Explain the relationship between the real interest rate and the demand for loanable funds. Compare that relationship to the relationship between expected profit and the demand for loanable funds
What will be an ideal response?
Economics