According to the active policy approach, the elimination of a recessionary policy _____
a. can only be achieved by decreasing wages
b. requires a public policy of wage and price controls
c. should be accomplished by stimulating aggregate demand
d. will increase unemployment
e. will cause a recession
c
Economics
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In a private closed economy _____ investment is equal to saving at all levels of GDP and equilibrium occurs only at that level of GDP where _____ investment is equal to saving
A. planned; actual B. actual; planned C. gross; net D. net; gross
Economics
The physical import of DVD players to the United States from Japan best illustrates a:
A. resource flow. B. financial flow. C. trade flow. D. technology flow.
Economics