Discretionary economic policy is not beneficial in the ________
A) traditional Keynesian theory
B) new Keynesian theory
C) Luka Brazzi model
D) real business cycle theory
D
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A newspaper headline asserts: "Falling Demand Pushes Down Housing Prices." This headline
A) incorrectly implies that the demand for housing can change, whereas in fact only the quantity of housing demanded can change. B) incorrectly implies that the price of housing will rise when demand increases. C) incorrectly implies that more housing will be demanded at higher prices. D) correctly implies that a decrease in demand will decrease the market clearing price.
In 2015, the population of the world
A. was approximately 500 million people. B. fell below 2 billion people. C. was more than 7 billion people. D. was close to 1 trillion people.
The long-run industry supply curve in perfect competition is derived from the
A. short-run industry supply curve which shifts as new firms enter the industry. B. short-run industry supply curve which shifts as old firms exit the industry. C. freedom of firms from sunk costs so that new cost curves become long-run curves. D. All of the reasons listed.
Which of the following racial/ethnic populations make up the greatest numbers of those in poverty?
A. Whites (non-Hispanic) B. Hispanics C. Asians D. Blacks (non-Hispanic)