The economic evidence suggests that the incentives in nearly all welfare programs are
A. mixed; some studies show that welfare makes problems worse but most do not.
B. actually counter to what was thought: the existence of welfare reduces the need for it.
C. so powerful that welfare has unambiguously made problems worse.
D. carefully structured to encourage the highest moral standards among recipients.
Answer: A
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With which of the following statements would a "real business cycle" theorist most closely agree?
A) "Expansionary monetary policy allows the central bank to control inflation and unemployment simultaneously." B) "Monetary policies have the greatest impact on real GDP when they are anticipated." C) "Wages adjust rapidly to changes in inflation as long as expectations are formed rationally." D) "Technological shocks to the economy affect only aggregate demand in the short run."
The Civil War's (1861–1865) impact on the growth and development of the U.S. economy was negative
Indicate whether the statement is true or false
The Sherman Antitrust Act prohibits competing firms from even talking about fixing prices
a. True b. False Indicate whether the statement is true or false
Should regular saving be an item in your personal budget?
A) No, it is not necessary to save as long as you have the borrowing power to deal with unexpected expenditures. B) Yes, regular saving for both unexpected emergency expenses and big-ticket items like the down payment for a house will increase your financial security. C) Yes, but when you are young, it only makes sense to save for big-ticket items like a car or a European vacation. D) No, you can always start saving in the future when you have a larger income.