Which of the following favors government policies to stimulate the economy by creating incentives for individuals and businesses to increase their productive efforts?
a. supply-side economics.
b. Keynesian economics.
c. monetarist economics.
d. Marxian economics.
a
You might also like to view...
A market with a single seller is called
A) perfectly competitive. B) monopolistically competitive. C) a monopoly. D) an oligopoly.
Which of the following market transactions are excluded from the computation of U.S. GDP?
a. Purchases of products such as wine, beer, and hard liquor by a household b. New purchases that a resident of one state makes in a different state c. Money spent on pollution cleanup and other restorative projects d. Purchase of raw materials by a firm for further reprocessing
Which of the following will shift the labor demand curve to the right?
A. An increase in the price of a competing, substitute input B. An increase in the use of factory automation C. A reduction in the demand for the output produced by labor D. A reduction in the wage rate
A firm is producing output less than the output associated with the minimum point on the firm's short run average variable cost curve. At this level of output the firm uses its fixed capital input ________ and its variable labor input ________.
A. efficiently; efficiently B. inefficiently; inefficiently C. efficiently; inefficiently D. inefficiently; efficiently