Changes in government spending or taxes designed to stimulate the economy are examples of
a. fiscal policy
b. monetary policy
c. supply management policy
d. classical policy
e. regulatory policy
A
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Identify the main reason to expect convergence in the long run.
A. Low-productivity countries learning from high-productivity countries B. Rapid growth in the supply of capital in low-productivity countries C. Educational attainment rising quickly in low-productivity countries D. Economic complacency and mismanagement in high-productivity countries
In Figure 3-2, a point such as A
A. is preferable over B. B. is an efficient use of resources. C. represents a misallocation of resources. D. is not obtainable.
Which of the following statements is correct?
A) The Fed is fully insulated from external pressures due to the long terms that members of the Board of Governors serve. B) The Fed is fully insulated from external pressures because it does not need to go through the normal congressional appropriations process. C) The Fed is fully insulated from external pressures because it has a constitutional mandate. D) The Fed is only partially insulated from external pressures.
If MR A. fewer than this quantity.
B. zero.
C. more than this quantity.
D. at this quantity.