Short-run macroeconomic policies concentrate on:
A) minimizing fluctuations around potential GDP.
B) maximizing fluctuations around potential GDP.
C) incentives for increasing productivity and the potential output of the economy.
D) none of the above.
A
Economics
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Some say economic competition will continue to drive globalization, largely because any states hoping to get ahead will be pushed to accept
a. free trade. b. capitalism. c. democracy. d. collaboration.
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The federal budget was in deficit from 1931 to 1939, except in the year 1937
Given this fact, how do you explain E. Cary Brown's statement, "Fiscal policy, then, seems to have been an unsuccessful recovery device in the 'thirties-not because it did not work, but because it was not tried."
Economics