Multiple Choice
An economic recession in the U.S. ______ the demand for exports from Canada resulting in a reduction in Canadian autonomous expenditures and a(n) ______ output gap in Canada.
A) reduces; expansionary
B) increases; expansionary
C) reduces; recessionary
D) increases; recessionary
Correct Answer:
Verified
Correct Answer:
Verified
Q10: The bursting of the housing bubble in
Q13: Suppose that the owner of a local
Q40: If planned aggregate expenditure (PAE )in an
Q42: The recession of 2007-2009 happened in part
Q56: A decrease in stock prices alters the
Q57: If consumption increases by $9 when after-tax
Q75: In the basic Keynesian model, a decrease
Q78: Government policies that are used to affect
Q102: In Econland autonomous consumption equals 700, the
Q107: In the short-run Keynesian model, to close