Critics of supply-side economics argue that a major flaw is
A. the small magnitude of supply-side effects.
B. the large size of demand-side effects.
C. increased income inequality.
D. all of the above
Answer: D
You might also like to view...
Suppose that over the next few years the demand for dancing to country and western music decreases. Hence, at country and western dance clubs the equilibrium price of admission ________ and the equilibrium quantity of dancing ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases
If K = 3000, n = 0.015, and d = 0.082, then investment of ________ will hold (Y/N) constant
A) 291 B) 201 C) 164 D) 549
If a macroeconomic variable tends to aid in predicting the future path of real GDP, it is said to be a
A) convenient variable. B) coincident variable. C) leading variable. D) lagging variable.
Comparing the core inflation rate to the Consumer Price Index, the core inflation rate
A) controls for the biases of the CPI. B) uses current period quantities, not base period quantities. C) measures all goods produced, not just consumer goods. D) includes volatile elements not in the CPI. E) excludes the volatile elements of the CPI.