Which of the following is not a function of government?
a. promotion of competition
b. stabilization to achieve the macroeconomic goals
c. redistribution of income through taxation and transfer payments
d. production of public goods
e. providing the economy's private goods
E
You might also like to view...
If a market participant believes that a stock price is irrationally high, they may try to borrow stock from brokers to sell in the market and then make a profit by buying the stock back again after the stock falls in price. This practice is called
A) short selling. B) double dealing. C) undermining. D) long marketing.
Given the values in the table above, equilibrium output Y = ________ when the real interest rate r = 4
A) 26.6 B) 0.65 C) 14.6 D) 5.65 E) none of the above
Capital refers to an inventory or a stock of productive equipment and machines
a. True b. False Indicate whether the statement is true or false
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). c. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. Real GDP falls, and net nonreserve-related international borrowing/lending does not change. e. There is not enough information to determine what happens to these two macroeconomic variables.