The economic policy response to the 2001 recession consisted of
A) a rapid change in fiscal policy and monetary policy.
B) a sluggish change in fiscal policy and monetary policy.
C) a rapid change in fiscal policy and a sluggish change in monetary policy.
D) a sluggish change in fiscal policy and a rapid change in monetary policy.
A
Economics
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The above figure shows the short run cost curves for a typical firm in a competitive market. If price = 8, then the firm
A) is earning positive profits. B) should produce 50 units. C) should shut down. D) None of above.
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No currency ever appreciated or depreciated under the Bretton Woods system as it was based on a system of fixed exchange rates
a. True b. False Indicate whether the statement is true or false
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