Proponents of zero-inflation policies acknowledge that the public is unconcerned about the inflation rate
a. True
b. False
Indicate whether the statement is true or false
False
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Unlike Classical economists, Keynes believed that the economy could be trapped in a depression and not return to full employment without government intervention
Indicate whether the statement is true or false
Which of the following is likely to happen, if consumption in an economy falls?
A) Asset prices rise. B) Household bankruptcies rise. C) Labor supply falls. D) Mortgage defaults fall.
A natural resource, such as fishing territories, is considered an example of
A) both land and labor. B) land, labor, capital and entrepreneurship. C) land only. D) only capital.
The root cause of the hyperinflation that plagued Zimbabwe in the 2000s is ________
A) printing of too much money by the central bank B) government expenditures greatly above revenues C) outlawing of price increases on many commodities D) allowing the use of foreign currencies E) the issuance of a $100 billion bank note