According to the real-business-cycle perspective
A) the economy cannot be stabilized by policy activism.
B) the Phillips curve is very important.
C) passive policy making is important.
D) active policy making is important.
A
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In order to ________, a government must increase spending and decrease taxation
A) decrease aggregate supply B) increase aggregate supply C) decrease aggregate demand D) increase aggregate demand
It is possible to have:
A. moral hazard without adverse selection present in a market. B. both moral hazard and adverse selection present in a market. C. adverse selection present in a market without moral hazard. D. All of these statements are true.
According to 2014 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the highest unemployment rate?
a. white males b. white females c. black males d. black females
In the long run, price elasticities of demand are usually
A. greater than they are in the short run because consumers have time to adjust. B. the same as they are in the short run because tastes don't change. C. less than they are in the short run because prices rise over time. D. less than they are in the short run because real prices fall over time.