In 2016, about how many million persons were employed by private-sector companies?
a. 90 million
b. 122 million
c. 118 million
d. 125 million
Answer: b. 122 million
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If the federal government tries to make fiscal policy sustainable by increasing seigniorage, the economy would experience ________ and will result in ________ potential GDP
A) a decrease in the growth rate of the money supply; lower B) an increase in the growth rate of the money supply; higher C) an increase in inflation; lower D) a decrease in the real interest rate; higher
If P = 2 and Y = 1000 . then which of the following pairs of values are possible?
a. M = $500, V = 4. b. M = $250, V = 8. c. M = $1,000 . V = 2. d. All of the above are correct.
A regulatory policy under which the government picks the point on the demand curve at which price equals average cost is known as:
A. average-cost pricing. B. marginal-cost pricing. C. average-revenue pricing. D. competitive pricing.
Supporters of supply-side economics claim that Reagan's tax policies were quite successful in stimulating the economy because
A. inflation rates fell sharply from the high rates of 1980 and 1981. B. throughout most of the 1980s, federal receipts continued to rise even though tax rates had been cut. C. almost immediately after the tax cuts, the economy expanded and the recession of 1980-1982 came to an end. D. all of the above.