Some economists believe that a democratic government may purposely cause busines

ID: 1121971 • Letter: S

Question

Some economists believe that a democratic government may purposely cause business cycles. A business cycle of this type is called

Question 7 options:

A) a presidental business cycle.

B) a congressional business cycle.

C) a political business cycle.

D) an adaptive business cycle.

Most economists argue that wage and price controls

Question 8 options:

A) are an effective long-term solution for inflation.

B) should be used to control short-term inflation problems.

C) may help to curb inflation in the short run, but the problem will return when the controls are lifted.

D) should be used only when both inflation and unemployment are high.

Question 7.

c) a political business cycle: it is caused due to the changes in the policies of the government.

Question 8.

d) Should be used only when both inflation and unemployment are high.

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