Infrastructure improvements are more important to Keynesian economics than to supply-side economics.
Answer the following statement true (T) or false (F)
False
Infrastructure improvements and human capital development are at the heart of supply-side economics. Keynesian economics deals primarily with stimulating or contracting aggregate demand.
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A key implication of the policy irrelevance proposition is that
A) only unanticipated policy actions can influence real Gross Domestic Product (GDP). B) only fully anticipated policy actions can influence real Gross Domestic Product (GDP). C) the rational expectations hypothesis is incorrect. D) none of the above.
Treasury bonds are so safe (risk-free) that they often pay relatively low returns
Indicate whether the statement is true or false
Games that don't have a dominant strategy:
A. don't exist; all games have at least one dominant strategy. B. may have stable equilibrium outcomes. C. always have stable equilibrium outcomes. D. do not have stable equilibrium outcomes.
Discussions in recent years about the vulnerability of the Social Security System cause some people to feel the payments promised will not materialize. Discuss the possible changes we might observe now.
What will be an ideal response?