Based on the Taylor rule, in the 1980s, monetary policy was
A) too tight.
B) too easy.
C) just about right.
D) too tight in the first half of the decade and too easy in the second half.
A
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The ________ tax is similar to the sales tax
A) payroll B) value-added C) wealth D) excise
A lesson from the Brazilian experiment was that:
a. infant industry protection is almost never successful. b. there are many determinants other than market price that also factor into an industry's success—firms had supplier difficulties and were hampered by excessive regulation. c. government usually knows better than the market whether an industry has potential. d. when politicians get involved, rational decisions and good business practices are more difficult.
The consumption function is the relationship between consumption and:
A. total spending. B. disposable income. C. investment. D. planned aggregate expenditure.
Legitimate power is the same as
a. laissez faire leadership b. traditional leadership c. peer pressure d. expert leadership