A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with ________ had lower inflation rates than countries with ________
A) a large government debt; little to no government debt
B) highly independent central banks; central banks that have little independence
C) low rates of unemployment; high rates of unemployment
D) no private banking system; an independent banking system
B
You might also like to view...
Which type of unemployment arises when changes in technology or international competition change the skills needed to perform jobs or change the location of jobs?
A) frictional B) structural C) cyclical D) skill-set E) fluctuating
Use the following graph for a perfectly competitive firm to answer the next question.
The firm is
A. generating a loss and should shut down in the short run. B. generating a loss, but should continue to produce in the short run. C. earning a normal profit. D. earning an economic profit.