According to classical economists
A. Say's law is not valid.
B. wage levels are always "sticky."
C. demand stimulus is needed to produce full employment.
D. unemployment will not be a serious problem in a market economy.
Answer: D
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The difference between a sole proprietorship and a partnership is
a. a partnership is a separate legal being apart from its owners b. ability to issue stock c. limited liability d. the distribution of dividends e. the number of owners
Budweiser typically purchases several 30 second advertising spots during the Super Bowl at a very high cost. Miller Brewing Co typically does not advertise during the Super Bowl. Which of the following is correct?
a. Budweiser chooses to signal during the Super Bowl, while Miller Brewing Co. does not. b. Budweiser chooses to screen during the Super Bowl, while Miller Brewing Co. does not. c. Miller does not advertise during the Super Bowl because it has a superior product and the audience already knows that. d. Budweiser's advertisements during the Super Bowl are entertaining but convey no information about the quality of its products.
Unemployment causes production levels to be inefficient
a. True b. False Indicate whether the statement is true or false
In contrast to neoclassical growth theory, new growth theory lays more emphasis on
A) intangibles than tangibles. B) tangibles than intangibles. C) changes in the money supply than changes in taxes. D) fiscal policy than monetary policy. E) objects than ideas.