Which school is the most opposed to government countercyclical intervention?
A. The Keynesians
B. The monetarists
C. The supply-siders
D. The new classical economists
D. The new classical economists
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Finite resources
a. must be renewable b. must be nonrenewable c. can be renewable or nonrenewable d. are only nature-made resources e. can be expanded in a short period of time
Taxes on labor tend to encourage second earners to stay at home rather than work in the labor force
a. True b. False Indicate whether the statement is true or false
Which of the following will shift the aggregate demand curve to the right?
A. Income taxes are raised. B. Business managers become pessimistic about the future. C. Consumers become pessimistic about the future. D. The government increases spending on education.
Which of the following statements about the financial and real sectors is true?
A. For every real asset there is a financial asset. B. For every financial asset there is a real asset. C. For every real transaction there is a financial transaction. D. For every financial transaction there is a real transaction.