Which of the following leads to a recession?
A) An accumulation of money in the economy
B) An accumulation of mistakes in the economy
C) An accumulation of non-renewable resources in the economy
D) An accumulation of irrational decisions among businesses and households
B
Economics
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If the slope of the aggregate expenditure curve is 0.75, the expenditure multiplier is equal to
A) 1.33. B) 4.00. C) 0.75. D) 0.25. E) 5.00.
Economics
Richard Baldwin's estimate was that the euro increased the trade level of its users by
A) only 5 percent. B) only 9 percent. C) over 30 percent. D) over 50 percent. E) only 12 percent.
Economics