If Congress votes to increase government purchases and at the same time decrease personal income taxes, they
a. have decided to balance the federal budget.
b. have voted for the proper policy to counteract a recession.
c. have voted for the proper policy to counteract inflation and an economic boom.
d. are trying to achieve a federal budget surplus.
B
Economics
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Refer to Figure 17-2. The nonaccelerating inflation rate of unemployment, or NAIRU, is associated with which point rate in the figure above?
A) A B) B C) C D) all of the above
Economics
Assume that a country has a domestic demand curve defined as Qd = 100 - 2P and a domestic supply curve defined as Qs = -20 + 3P. What is the country's import demand curve (Qm)?
What will be an ideal response?
Economics