Fiscal policy designed to moderate the severity of a business cycle is known as
a. acceleration
b. maintenance
c. procyclical
d. countercyclical
e. discretionary
D
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Explain how a better-educated population will also tend to be healthier, and vice versa, that a healthier population will tend to be better educated
What will be an ideal response?
Federal budget deficits
A. help stabilize the economy during recessions and depressions. B. depress interest rates. C. rarely occurred prior to the Reagan Administration. D. stimulate investment spending by businesses. E. are always undesirable.
Recall the Application about the time involved in including cell phones in the calculation of the Consumer Price Index (CPI) to answer the following question(s).According to this Application, cell phones were introduced to the public in 1983, but it took the Bureau of Labor Statistics ________ to include them in calculating the Consumer Price Index (CPI).
A. 3 years B. 7 years C. 15 years D. 24 years
The idea that it takes 90 percent of your time to clean up the last 2 percent of your house illustrates that
A. the marginal benefit of cleaning up is constant. B. the marginal cost of cleaning up slopes downward. C. the marginal benefit of cleaning up slopes upward. D. the marginal cost of cleaning up slopes upward.