Which of the following strategies are adopted by a business tycoon when the first new management of the purchased company fails?
a. He tries a second management team.
b. He tries to train and motivate the existing management team.
c. He sells off part of the company in the market.
d. He tries to reduce the cost of production by lowering output.
A
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Two countries are experiencing 10% money growth a year. However, country A is growing at 2% and country B is growing at 5%. Which country will have the higher inflation rate?
What will be an ideal response?
The primary factor that caused most economists to lose their faith in the classical approach to macroeconomic policy was
A. the evidence that classical ideas were useful during economic booms, but not during economic recessions. B. the theoretical proof that classical ideas were invalid. C. the presence of both high unemployment and high inflation during the 1970s. D. the high levels of unemployment that occurred during the Great Depression.