When deciding on an appropriate course of action to counter a recessionary gap, which of the following do policymakers 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 these responses are correct.
Answer: D
Economics
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Every day, ________ changes to make the quantity of money demanded equal the quantity of money supplied
A) real GDP B) the money supply C) the inflation rate D) the nominal interest rate E) the price level
Economics
Since colonial times, the U.S. government controlled businesses at some level by:
(a) letting market actions and interactions between private consumers and producers drive decisions (b) regulating, licensing and closing them. (c) protecting private property rights. (d) providing national defense.
Economics