Which of the following policies would be advocated by someone who wants the government to follow an active stabilization policy when the economy is experiencing severe unemployment?
a. decrease the money supply
b. increase government expenditures
c. increase taxes
d. All of the above are correct.
b
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The Fed operating procedures employed between 1979 and 1982 resulted in ________ swings in the federal funds rate and ________ swings in the M1 growth rate
A) increased; increased B) increased; decreased C) decreased; decreased D) decreased; increased
A 95% confidence interval
A) indicates that there is 95% confidence that the value of the estimated coefficient is correct. B) indicates that there is 95% confidence that the degrees of freedom explain the data correctly. C) is a range of of values that gives a 95% probability that the true value of the coefficient is within the specified interval. D) is the probability that we have obtained the true value of the coefficient with 95% accuracy.
Which of the following is most accurate about the period between the Civil War and World War I?
a. An increasing share of the U.S. population lived in rural areas. b. Unions pursued strategies of peaceful negotiation with employers. c. The average number of hours of work increased significantly during the period. d. The difference between male and female wages decreased.
Sources of market failure include
A. public goods. B. external costs. C. external benefits. D. All of the above are correct.