When deciding on an appropriate course of action to counter a recessionary gap, which of the following do policy makers consider?
a. the slope of the short-run Phillips curve
b. the costs of inflation and unemployment
c. the efficiency of the economy's self-correcting mechanism
d. All of the above are correct.
d
Economics
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In economics, the practical application of an invention is known as
A) technology. B) entrepreneurship. C) physical capital. D) innovation.
Economics
Refer to the graph. If the supply of money was $200 billion, the interest rate would be:
A. 1 percent
B. 2 percent
C. 3 percent
D. 4 percent
Economics