Persons who argue against the deliberate use of fiscal and monetary policies to smooth out the business cycle are referred to as
A) nonactivists.
B) fine-tuners.
C) activists.
D) b and c
E) none of the above
A
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State two social benefits of inflation
What will be an ideal response?
Which pair of goods is most likely to have a negative cross-price elasticity?
A. All cross-price elasticities are negative, but often reported in absolute value. B. Peanut butter and jelly. C. Butter and margarine. D. Milk and pencils.
A metal-stamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. What would be the optimal solution to this problem?
a. The factory should move. b. The day care center should move. c. The factory should install sound insulation. d. The day care center should install sound insulation. e. We cannot determine the solution without more information.
The rationale for exchange rates determining AD is with
A. weaker dollar exports, AD will rise. B. stronger dollar exports, AD will rise C. stronger dollar imports, AD will rise. D. weaker dollar imports, AD will rise.