It is preferable to use monetary and fiscal policies rather than direct controls to correct external balance problems because direct controls
A) are ineffective.
B) are not legal under WTO rules.
C) interfere with the market mechanism.
D) cannot be used with other economic policies.
Correct Answer:
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Q20: The IS curve is negatively sloped because:
A)
Q21: A nation can eliminate domestic overemployment and
Q22: Can a nation reach both internal and
Q23: Suppose a nation faces domestic unemployment and
Q24: Use graph to illustrate the effect of
Q25: Explain why according to monetarists (a)nations retain
Q26: What are direct controls?
Q27: What is meant by a three market
Q28: Use a Swan diagram to identify a
Q30: The LM curve is positively sloped because:
A)
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