A legislative lag:
What will be an ideal response?
Discretionary fiscal policy must be instituted in the form of legal changes
in the government's budget. The government's economists may want to increase spending or decrease tax rates, but they have to convince both the president and Congress to act to
solve the problem.
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Figure 4.3 illustrates the demand for tacos. An increase in the demand for tacos is represented by the movement from
A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
Two countries can achieve gains from trade even if one country has an absolute advantage in the production of both goods
a. True b. False Indicate whether the statement is true or false
Michael Jordan's rookie salary in 1984 was $550,000 . The CPI in 1984 was 103.9, while the CPI in 2010 was 218.1 . What is Michael Jordan's rookie salary in 2010 dollars?
A horizontal Security Market Line would imply that investors:
A. are unconcerned about risk and require no additional compensation for risk. B. view all financial assets as equally risky. C. greatly dislike risk and must be compensated for it. D. prefer assets with greater risk.