The right to openly support and democratically select national leaders is
A. capital freedom.
B. political freedom.
C. population freedom.
D. economic freedom.
Answer: B
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Which of the following is an objective of macroeconomic stabilization?
(a) eliminating current account deficits. (b) controlling inflation. (c) restoring fiscal balance. (d) all of the above.
The financial crisis of 2008
A) had its roots in the internet crisis of 2000. B) had its roots in the budget policy of the Treasury. C) had its roots in the real estate market. D) all of these choices.
A major benefit of automatic stabilizers is that they:
a. guarantee a balanced budget over the course of the business cycle. b. have a tendency to reduce the national debt. c. help increase recessionary gaps in the economy. d. moderate the effect of fluctuations in the business cycle. e. require legislative review by Congress before they can be implemented.
Refer to the accompanying figure. At P = 4, how does the price elasticity of demand for D1 compare to that for D2?
A. It will be greater for D1 than for D2. B. The price elasticity of demand for both D1 and D2 will be greater than one. C. It will be lower for D1 than D2. D. It will be equal for D1 and D2.