Active policymaking refers to
A. relying on policies that act as automatic stabilizers.
B. policy making that is carried out in response to a rule.
C. nondiscretionary policymaking.
D. actions taken by policy makers in response to a change in the overall economy.
Answer: D
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Refer to the graph below illustrating the Lorenz Curves for Sweden, the United States, and Brazil. Which country has the greatest equality in the distribution of income?
a. Sweden
b. United States
c. Brazil
d. The greatest equality in the distribution of income cannot be determined from this graph
As disposable income increases, consumption spending will rise, but it will rise by less than disposable income if the MPS is positive
a. True b. False Indicate whether the statement is true or false
Suppose that in each of four successive years producers sell more of their product and at higher prices. This could be explained
A. in terms of a stable supply curve and increasing demand. B. in terms of a stable demand curve and increasing supply. C. by small annual increases in supply. D. as an exception to the law of demand.
Loans made between borrowers and lenders are:
A. not part of either parties' assets or liabilities until the loans are repaid. B. assets to the lenders and liabilities of the borrowers since the promises are made to the lenders. C. liabilities to the lenders and assets to the borrowers since the borrower obtains the funds. D. liabilities to both the lenders and the borrowers.