An example of a government policy to increase physical capital formation is:
A. the construction of an interstate highway system.
B. maintaining a well-functioning legal system.
C. government support for basic research.
D. the provision of publicly-funded education.
Answer: A
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Refer to Table 23-2. Using the table above, compute aggregate expenditure and identify the macroeconomic equilibrium
What will be an ideal response?
Populists proved themselves to be strong "quantity theory" activists by
(a) pushing the government to provide a general level of money demand that could be kept abreast of farm output. (b) advancing public education and woman suffrage efforts. (c) trying to prohibit corporate subsidies. (d) seeking to reserve land and other natural resources for farm and conservation use.
Private property rights involve
A) exclusive rights to use, transfer, and exchange the property. B) exclusive rights to use property, but not to exchange the property. C) rights to enjoy the property in any way desired but not to transfer or exchange the property. D) rights granted by the government for renewable terms of 100 years or more.
In general, high unemployment is associated with
a) High levels of labour market co-ordination b) Low levels of labour market co-ordination c) Both high and low levels of labour market co-ordination d) Neither high nor low levels of labour market coordination e) Other factors and is unrelated to labour market co-ordination