The major categories of federal government spending are
a. health care, national defense, Social Security, and other income transfers.
b. law enforcement, environmental protection, and national defense.
c. public education, garbage collection, and public parks.
d. health care, public education, and highways.
A
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Which of the following is not an appropriate policy for a central bank to follow if the economy is plagued with deflation?
A) consistently pursuing policy to promote the credibility of the central bank B) explicitly and credibly targeting inflation C) using expansionary monetary policy to drive down interest rates D) increasing the target interest rate on overnight loans
Suppose the production function is q = 12 L0.25 K0.75. Determine the long-run capital-to-labor ratio (K/L) if the cost a unit of capital (r) is three times the cost of a unit of labor (w)
What will be an ideal response?
Between the years 1998 and 2001, the U.S. government experienced
A) budget surpluses. B) balanced budgets. C) budget deficits. D) contractionary budget cycles.
Which of the following strategies are adopted by a business tycoon when the first new management of the purchased company fails?
a. He tries a second management team. b. He tries to train and motivate the existing management team. c. He sells off part of the company in the market. d. He tries to reduce the cost of production by lowering output.