Which of the following best describes the idea of a political business cycle?
a. Politicians have a bias to cut taxes and increase government spending.
b. Special interests result in alternating federal deficits.
c. Politicians will use fiscal and monetary policy to cause output, real incomes, and employment to be rising prior to elections.
d. Good intentions of politicians influence the business cycle.
c
Economics
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Along the 45-degree reference line
A) total planned real expenditures = real GDP. B) total planned real expenditures = planned nominal expenditures. C) total planned nominal expenditures = consumption. D) total planned investment spending = planned real expenditures.
Economics
Something other than exploiting cheap foreign labor must be driving international trade
a. True b. False Indicate whether the statement is true or false
Economics