For much of the 1940s, 50s and 60s, macroeconomic policymaking in the U.S. and abroad was dominated by:
a. the ideas advanced in Keynes's General Theory.
b. the ideas advanced in Friedman's Monetary History of the U.S.
c. the supply-side theories of Arthur Laffer and David Stockman.
d. Robert Lucas's theories of business cycles.
a. the ideas advanced in Keynes's General Theory.
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If the United States legally allowed for a market in transplant organs, it is estimated that one kidney would sell for at least $100,000
a. True b. False Indicate whether the statement is true or false
An increase in rent would
A. increase the demand for land. B. decrease the demand for land. C. decrease the supply of land. D. None of the choices are correct.
An instance in US history when SRAS increased was
a. The Great Depression (1930s) b. WWII (early 40s) c. OPEC (70s) d. Tech Boom (90s)
Most economists would agree that each human life is beyond price.
Answer the following statement true (T) or false (F)