Government bond:
What will be an ideal response?
an interest-bearing security constituting a promise to pay at a
specified future time
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During which of the following years did the Fed fail to pursue a policy aimed at stabilizing the output ratio?
A) 1988 B) 1990 C) 1994 D) 1997
If the value of the marginal product of labor is less than the wage, then the firm could
a. increase profit by hiring additional labor. b. increase profit by reducing the amount of labor hired. c. increase revenue by lowering output. d. reduce total cost by hiring additional workers.
Critics of active monetary and fiscal policy emphasize
a. that policy affects the economy with a lag and our ability to forecast future economic conditions is poor. b. "leaning against the wind" of economic change to stabilize the economy. c. cutting government spending, raising taxes, and reducing the money supply when aggregate demand is excessive. d. boosting government spending, lowering taxes, and increasing the money supply when aggregate demand is low.
Since the wide spread acceptance of the Keynesian view during the 1960s,
What will be an ideal response?