A government is most likely to use a reflationary policy:

a) In a recession
b) In a boom
c) When there is fast GDP growth
d) When prices are increasing fast

Answer: a) In a recession

Economics

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____________________: Producing right mix of goods

Fill in the blank(s) with the appropriate word(s).

Economics

Dumping occurs when a foreign firm ________

A) pollutes international waters B) disposes of waste materials in other countries C) sells inferior output to foreigners D) sells its exports at a lower price than its cost of production

Economics