Children can be viewed as retirement insurance and thus provide individuals with incentive to create large families
Indicate whether the statement is true or false
True
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The effect on the aggregate demand curve of which of the following is most similar to the effect of a decrease in the barriers to efficient functioning of financial markets?
A) a decrease in autonomous investment B) a decrease in the inflation rate C) an autonomous loosening of monetary policy D) a decrease in expected inflation E) a negative price shock
According to the passive approach, discretionary fiscal or monetary policy can reduce the costs of an unstable economy
a. True b. False Indicate whether the statement is true or false
The book that is the basis for modern macroeconomic theory is
a. The Wealth of Nations. b. Principles of Political Economy. c. The General History of Money and Banking. d. The General Theory of Employment, Interest, and Money.
The framers of the U.S. Constitution sought to design a political system that would
A) limit the powers of the federal government and protect the rights of individuals. B) provide the federal government with virtually unlimited power to promote the general welfare. C) promote efficiency through central planning of the economy. D) be based on majority rule.