Many economists challenged the idea of activist government intervention in the economy following the
A. recession of 1980-1982.
B. inflation of the 1970s and early 1980s.
C. recession of 1974-1975.
D. all of the above.
Answer: D
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Explain how tax revenue can be both an automatic fiscal policy and a discretionary fiscal policy
What will be an ideal response?
What is a mutual fund? What advantage does owning a share in a mutual fund have over owning a share of stock?
Suppose C = 1000 + .9Y, G = 400, I = 100, (X – IM) = 0, and there are no income taxes. If government purchases increase by 100, equilibrium GDP will
a) rise by 25% b) rise by a factor of 10 c) rise by 90 d) rise by 100 e) rise by 1,000
Which of the following are goals for monetary policy?
A. Controlling rents B. Preventing boom and bust cycles in the economy C. Controlling world oil prices D. Monitoring corruption in the securities industry