The idea that anticipated monetary policy changes cannot affect real GDP or employment is known as
A) the systematic policy hypothesis.
B) the policy irrelevance theorem.
C) the policy relevance theorem.
D) the Keynesian hypothesis.
B
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Which of the following reduces the magnitude of the expenditure multiplier?
A) higher marginal tax rates B) decrease in saving C) decrease in the marginal propensity to consume D) decrease in imports E) decrease in government purchases of goods and services
The natural rate of unemployment includes frictional, cyclical, and structural unemployment
a. True b. False Indicate whether the statement is true or false
It required less labor time to buy a college education in 1995 than it did in 1965.
Answer the following statement true (T) or false (F)
A decrease in the price of milk (and ingredient of ice cream) will result in a(n):
A) shift of the supply curve of ice cream to the left. B) shift of the supply curve of ice cream to the right. C) lower price of ice cream, and thus an increase in the demand for ice cream. D) increase in the demand for ice cream and a decrease in the supply of milk.