If the Fed increases the money supply and people fully anticipate this change, they will immediately incorporate the disinflationary impact of the Fed's policies into their current wage and price decisions
a. True
b. False
Indicate whether the statement is true or false
False
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Government regulation of working conditions is an example of government as:
A. an owner. B. an actor. C. a referee. D. a dictator.
A ________ occurs when a country's exports exceed its imports
A) trade surplus B) budget surplus C) trade deficit D) fiscal deficit
The federal government debt equals
A) the accumulation of past budget deficits. B) tax revenues minus government spending. C) the total value of U.S. Treasury bonds outstanding. D) government spending minus tax revenues.
Why do some economists prefer government planning and financing of big-push development to private sector development? Because
a. private firms have a longer planning horizon than governments b. governments have a longer planning horizon than private firms c. private firms cannot collect taxes d. it takes less initial start-up capital than any alternative development strategy e. private firms create markets and government planning does not require market creation