A policy that increases saving
a. will worsen economic growth, but improve health outcomes.
b. will worsen economic growth and health outcomes.
c. will improve economic growth, but worsen health outcomes.
d. will improve economic growth and health outcomes.
d
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Money performs its job as a standard of value very well
A. in the short run. B. in the long run. C. in both the short and long run. D. in neither the short run nor the long run.
Monetary policy can
A) shift the short-run trade-off between inflation and unemployment if it affects expected inflation. B) shift the long-run trade-off between inflation and unemployment through changes in cyclical unemployment. C) shift both the short-run and long-run trade-offs between inflation and unemployment if changes in policy are credible. D) shift neither the short-run nor long-run Phillips curve trade-offs between inflation and unemployment.
The difference between a fixed tax and a variable tax is that
A. fixed taxes can never be changed, but variable taxes can be changed. B. a change in fixed taxes has no effect on aggregate demand, but a change in variable taxes has an impact. C. a variable tax changes when GDP changes, but a fixed tax does not change with GDP. D. a variable tax can be changed easily, whereas changing fixed taxes requires a constitutional amendment.
Average Variable Cost is
A. the per unit variable cost of production. B. the per unit cost of production. C. the addition to cost associated with one additional unit of output. D. the per unit fixed cost of production.