After the inflation of the Johnson-Nixon-Ford years (1963–1976), the Carter Administration, while still inflationary, managed to slow down the rate of advancing prices
Indicate whether the statement is true or false
False
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The proposition that policy actions have no real effects in the short run if the policy actions are anticipated is known as
A) the policy irrelevance proposition. B) the Keynesian proposition. C) the inflation stabilization proposition. D) the unemployment stabilization proposition.
Solar vehicles that operate on photovoltaic cells:
a. are economically efficient today as compared to gasoline vehicles. b. are not economically efficient because they create greater negative externalities than gasoline vehicles. c. are not economically efficient even though they create fewer negative externalities than gasoline vehicles. d. should be subsidized by government so that they cost less than gasoline automobiles.
Which of the following terms is used for workers with little experience and job training?
a. discouraged worker labor market b. efficiency wage labor market c. low-skilled labor market d. underemployment labor market
In terms of industrial policy, clusters refer to:
A. networks of interdependent firms, universities, and businesses that focus on production of a specific type of good. B. firms in an economy that are so interconnected, when one fails, they all fail. C. the industries supported in a country practicing import substitution policy. D. the industries supported in a country practicing export-led growth policy.