Refer to Figure 16-1. Suppose the economy is in short-run equilibrium below potential GDP and no fiscal or monetary policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) A to E. B) A to B. C) B to A. D) B to C. E) C to B.
A
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A bank creates money
A) never since it only lends out money it owns. B) when it makes loans. C) when it prints bank notes. D) when it pays out reserves.
If the Pareto criteria are taken literally, _____ percent of United States residents must agree for a policy change to be a move towards efficiency
a. 25 b. 50 c. 75 d. 100
One of the key factors in raising people in low-income countries out of the worst kind of poverty is whether they can
a. receive unemployment compensation. b. attend college or vocational school. c. make a connection to a somewhat regular wage-paying job. d. be protected by labor laws and unions.
In theory, liability rules for pollution are designed to have the same effect as taxing a polluter.
Answer the following statement true (T) or false (F)