If an Economy Sees Net Exports Fall Due to a Policy

question 65

Multiple Choice

If an economy sees net exports fall due to a policy of trade liberalization,it will require the simultaneous adoption of ________ fiscal policy or ________ monetary policy in order to prevent a(n) ________ gap.

• A) expansionary;expansionary;recessionary
• B) expansionary;contractionary;recessionary
• C) contractionary;contractionary;expansionary
• D) contractionary;expansionary;recessionary
• E) expansionary;expansionary;expansionary

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Definitions:

Checking

The process of verifying or inspecting items, details, or operations to ensure they meet required standards or are correctly executed.

Bagging

A machine learning ensemble technique that improves the stability and accuracy of algorithms by combining multiple models.

Standard Time

The predetermined amount of time that should be taken to complete a job or task under normal working conditions.

Allowance

A planned amount of time or cost added to an estimate to account for uncertainties, or an amount of money given at regular intervals for a specific purpose.