Examlex
The federal budget was in deficit from 1931 to 1939,except in the year 1937.Given this fact,how do you explain E.Cary Brown's statement,"Fiscal policy,then,seems to have been an unsuccessful recovery device in the 'thirties-not because it did not work,but because it was not tried."
Potential GDP
The highest level of economic output that an economy can sustain over the long term without increasing inflation.
Capital Spending
Expenditure by businesses on physical assets like buildings, machinery, and equipment to enhance their capacity or efficiency.
Privatization
The process of turning government enterprises into private enterprises.
U.S. Economy
The economic system of the United States, characterized by a mixed economy with private freedom combined with centralized economic planning and government regulation.
Q12: A change in consumption spending caused by
Q52: If the Federal Reserve wants to reduce
Q69: According to the U.S. Treasury,<br>A) the government
Q97: If workers and firms expect that inflation
Q151: The Fed can use contractionary monetary policy
Q166: What actions should the Fed take if
Q238: Credit card balances are<br>A) part of M1.<br>B)
Q251: From an initial long-run equilibrium, if aggregate
Q277: Suppose the required reserve ratio is 20
Q287: The cyclically adjusted budget deficit calculates the