Describe the arguement put forward by the Nobel laurete Robert E. Lucas about the flaws in the large structural macroeconomic models.
What will be an ideal response?
Lucas argued that people and firms make decisions that depend on what they think policymakers will do so thatthat any change in policy will systematically alter the structure of econometric models.
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When the Civil Rights Act was amended in 1991, one major change included:
A. removing compensatory and punitive damages B. adding compensatory and punitive damages C. lowering thresholds D. changing legally defensible arguments E. None of the above
Grant funds received before time requirements are met, but after all other eligibility requirements have been met, should be reported as an asset and a deferred inflow of resources by the recipient.
Answer the following statement true (T) or false (F)
E. I. James is a writer with a best selling novel. He wishes to create a corporation called "James, Inc". He will be the only shareholder. Can James incorporate his business of writing?
a. Yes, this would be the incorporation of a sole proprietorship. b. No, the law requires at least two people to be shareholders of a corporation. c. No, the law does not permit a person to, in effect, incorporate himself. d. Only if he forms an S Corporation.
Mr. Sandwich offers customers a card that allows them to have a free sub for every seven that have been purchased and provides various discounts throughout the year. The primary promotional objective of programs such as this is
A. encouraging product trial. B. retaining existing customers. C. stimulating demand. D. combating competitive promotional offers. E. reducing sales fluctuations.