RECAP is a type of nudge that stands for:
A. restate, enjoy, and choose alternative products.
B. replay, enumerate, and contrast active policies.
C. record, evaluate, and compare alternative prices.
D. reevaluate, enlist, and compare attractive products.
Answer: C
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In the context of growth, the goal of stabilization policy once per capita output is equal to potential per capita output is to
A) insure that the percentage change in per capita output and potential per capita output over time are equal. B) raise the growth rate of potential per capita output above that of per capita output. C) raise the growth rate of per capita output above that of potential per capita output. D) None of the above is correct.
The IMF mostly receives its funds from:
a. the subscription fees paid by the member nations. b. selling of bonds. c. the loans given by the World Bank. d. the central banks of the major industrialized nations. e. the gold reserves available with the Fed.
A reduction in the rate of inflation would be
A. deflation. B. hyperinflation. C. disinflation. D. crawling inflation.
The economy experiences an increase in the price level and an increase in real domestic output. Which is a likely explanation?
A. The stock of capital has increased. B. Wage rates have fallen. C. Interest rates have increased. D. Net exports have increased.