Fiscal policy designed to increase aggregate demand during economic downturns and decrease aggregate demand during economic booms is called
a. business cycle fiscal policy.
b. new classical fiscal policy.
c. supply-side fiscal policy.
d. countercyclical fiscal policy.
D
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Democracy _______ essential to economic growth and according to the capabilities approach should _______________.
A. is; also be seen as essential to sustaining basic freedoms B. is not; still be essential in sustaining basic freedoms C. is not; not be considered as improving lives if it doesn't directly contribute to growth D. is; not be considered to create capabilities without directly contributing to growth
In all its corporate communications, Always Round Tire features a factory worker looking at the camera saying, "Just keep it rolling!" The reason for this logo is that it
A. indicates the expectations of the workers. B. indicates that piece rates are the only wages the workers receive. C. represents the image that the company wishes to present to its workers. D. represents the company's organizational architecture.
One reason markets may fail to provide the optimal quantity of public goods is the problem of
A) determining what the public wants. B) nontariff barriers. C) nondiscrimination. D) free riders. E) economic integration.
When the actual GDP equals the full-employment level of GDP, the
a. economy is in long-run equilibrium. b. price level must be rising. c. expected inflation must be zero. d. aggregate supply curve is not constrained by the scarcity of resources.