The ratio of debt to GDP is much higher in the United States than in most other industrialized nations

The Federal Reserve Board meets roughly every 6 weeks to determine broad economic policy. It does not have to deal with the political process, which is a reason the _____ lag is shorter for monetary policy than it is for fiscal policy.

a) information b) recognition c) decision d) implementation

Persistent dumping can occur if a profit-maximizing firm faces a ________ demand in the home market and sells its good in a ________ international market.

A. relatively elastic; less competitive B. relatively inelastic; highly competitive C. relatively elastic; highly competitive D. relatively inelastic; less competitive