A. A recession? occurs, and? government-funded unemployment compensation is paid to? laid-off workers. This is an example of
b. Congress votes to fund a new jobs program designed to put unemployed workers to work. This is an example of
c. The Federal Reserve decides to reduce the quantity of money in circulation in an effort to slow inflation. This is an example of
d. Under powers authorized by an act of? Congress, the president decides to authorize an emergency release of funds for spending programs intended head off economic crises. This is an example of
Ans:
a. an automatic fiscal policy
b. a discretionary fiscal policy
c. a monetary policy
d. a discretionary fiscal policy
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The game in Scenario 13.14
A) is Stackelberg if both players move at the same time; Cournot if one player moves first. B) is Cournot if both players move at the same time; Stackelberg if one player moves first. C) Stackelberg no matter what the timing of moves. D) Cournot no matter what the timing of moves. E) is neither Stackelberg nor Cournot.
If the unemployed were hired, they would have the monies to purchase goods which would otherwise be unsold
a. True b. False Indicate whether the statement is true or false
The data suggest that wages increase more with age for the highly educated compared to the less educated. This is evidence that
A. highly educated people also invest more in postschooling human capital compared to the less educated. B. the return to education is low for all education levels. C. the return to education is constant with respect to age. D. less educated workers invest on-the-job training more so than do the highly educated. E. on-the-job training is unrelated to the level of formal schooling.
Data analysis or interpretation mistakes (that econ can help one avoid)
What will be an ideal response?