People who run their own businesses
A) can keep their labor costs down by not hiring any employees.
B) have lower labor costs if they dislike working for anyone else than if they don't mind working for others.
C) have no labor costs unless the business is incorporated.
D) have the same labor costs as people who hire employees to run their businesses.
B
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
As a result of moving more decision making from the center toward the periphery of the organization, typically
a. the flow of information to the decision maker that is relevant to the decision should be enhanced b. the flow of information from the decision maker that is relevant to the decision should be enhanced c. the incentives to make good decisions should be strengthened d. the incentives to make good decisions should be weakened
Interest is the payment for the use of funds
a. True b. False Indicate whether the statement is true or false
Keynesians and non-Keynesians would largely agree on which one of the following statements?
a. Expansionary fiscal policy will tend to substantially increase current real output. b. Proper timing of discretionary fiscal policy is difficult to achieve. c. The use of discretionary fiscal policy is an important stabilization tool. d. Market forces will automatically direct the economy toward full employment.