Consider the following information on large-company stocks for a period of years. Arithmetic Mean Large-company stocks 12.1 % Inflation 3.4 a. What was the arithmetic average annual return on large-company stocks in nominal terms

Economic analysis indicates that it will be politically more attractive to a. enact expansionary fiscal policy during a recession than to enact restrictive fiscal policy during an economic expansion. b. enact expansionary fiscal policy during an economic expansion than to enact restrictive fiscal policy during a recession. c. enact restrictive fiscal policy during an economic expansion than to enact expansionary fiscal policy during a recession. d. raise taxes than to increase spending.