The four criteria that are frequently used in judging the outcome of economic policy are
A. efficiency, equity, profitability, and stability.
B. efficiency, equality, stability, and economic growth.
C. efficiency, equity, stability, and economic growth.
D. efficiency, equality, profitability, and stability.
Answer: C
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Decisions regarding purchases and sales of government securities by the Fed are made by the
The concept that an additional dollar of expenditures will result in the creation of more than one dollar's worth of real GDP is called
A. the multiplier effect. B. economic growth. C. the business cycle. D. fiscal policy.
How well has the international capital market perform?
What will be an ideal response?
If a factor of production with a fixed supply is earning $100 in its current use and its next best use would yield earnings of $80, the factor is earning a pure economic rent equal to
A) $0. B) $20. C) $80. D) $180.