The current debate about fiscal and monetary policy tends to focus on
a. which policy is less destabilizing.
b. which policy is more effective.
c. whether the Fed can control the money supply.
d. which policy works more quickly.
d
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A multiplier of 1 means the MPS is equal to 1.
Answer the following statement true (T) or false (F)
An example of a positive externality is
a. pollution because it affects people not directly involved with producing it b. a homeowner's maintenance of a beautiful lawn because this creates a benefit for neighbors c. creating a monopoly d. driving a car that emits pollution e. cigarette smoking because this imposes an indirect cost on people around the smoker
Life insurance companies usually require applicants to have physicals and disclose information on their health. This practice is designed to address
a. a principal-agent problem. b. a moral-hazard problem. c. a problem involving hidden characteristics. d. all of the above are correct.
In the open-economy macroeconomic model, the supply of loanable funds comes from
a. national saving. Demand comes from only domestic investment. b. national saving. Demand comes from domestic investment and net capital outflow. c. Only net capital outflow. Demand for loanable funds comes from national saving. d. domestic investment and net capital outflow. Demand for loanable funds comes from national saving.