A laissez-faire economy is one in which individual people and firms pursue their own self-interest without any central direction or regulation.
Answer the following statement true (T) or false (F)
True
Economics
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The distinction between income and needs of the working poor is not vital for policy concerns
Indicate whether the statement is true or false
Economics
a tool used by the FED to control the quantity of money
What will be an ideal response?
Economics
What is the long-run financial problem for Social Security?
What will be an ideal response?
Economics
Which of the following is not an aspect of Keynesian economics?
A) Wages and prices tend to be inflexible downward. B) Supply does not necessarily generate its own demand. C) The interest rate is important in determining the level of investment, but not as important as other variables. D) Unemployment above natural unemployment is always a brief and temporary phenomenon.
Economics