An expansionary monetary policy that successfully counteracts a recession has the side effect of
A) lower investment spending than if no action had been taken.
B) a larger government deficit than if no action had been taken.
C) a higher price level than if no action had been taken.
D) lower output than if no action had been taken.
C
Economics
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Refer to Scenario 5.3. Based on the 10 years' past performance, rank the companies' expected revenue, highest to lowest:
A) Whizbo, Yowzo, Zowiebo B) Whizbo, Zowiebo, Yowzo C) Zowiebo, Yowzo, Whizbo D) Zowiebo, Whizbo, Yowzo E) Zowiebo, with Whizbo and Yowzo tied for second
Economics
According to economist Paul Romer, economies that wish to experience growth must
A) invest most of their savings in national defense. B) invest in knowledge. C) drastically lower their standards of living. D) become command economies.
Economics