Which of the following statements is true?
A. Economic models are sometimes good for explaining one set of events and poor for explaining other sets of events.
B. A model that has correctly predicted events for the past several years will not be wrong in the future.
C. Economic models are either right or they are wrong.
D. An economic model that is not always true is not useful and should not be used.
Answer: A
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What was the approximate peak amount of borrowing from the Fed during the Financial Crisis of 2007-2009?
A) $2 billion B) $100 billion C) $270 billion D) $1 trillion
Which of the following questions is of most interest for MACROECONOMISTS?
A) Why is there inflation? B) Why does the steel industry want tariffs? C) What is the appropriate stance of antitrust policy? D) Why do foreigners immigrate to the United States?
“People who make more money should pay higher taxes” is an example of
A. the benefits principle. B. horizontal equity. C. vertical efficiency. D. the ability-to-pay principle.
Explain how IMF conditionality has changed over time
What will be an ideal response?