A ______ economy is an economy in which the government uses central planning to coordinate most economic activities
a. traditional
b. command
c. mixed
d. market
d. market
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After the financial crisis in the 1990s many economists criticized the IMF and the World Bank. Some suggestions for reform are to
A) eliminate both the institutions. B) increase private-sector lending by governments providing tax breaks to lenders. C) create a board of directors made up of finance ministers for the IMF. D) all of the above
Other things equal, which of the following will lead to an increase in output and employment?
A) The federal government decides to eliminate the Department of Education. B) The federal government implements a national value-added tax (VAT). C) The federal government passes a tax incentive for firms that employ returning war veterans. D) The federal government reduces the duration and amount of unemployment benefits.
The short-run supply curve for the perfectly competitive firm is the portion of its
A) MC curve above the AVC curve. B) MC curve above the AFC curve. C) MC curve above the ATC curve. D) MC curve above the MR curve.
If Julia deposits $2,000 (which she has until now kept in her closet as cash) in her savings account, then the M1 money supply will decrease
a. True b. False Indicate whether the statement is true or false