In a market capitalist economy, which of the following is not an accepted role for government?
A) provision of national defense
B) enforcing a legal system
C) establishing policies to encourage full employment
D) All of the above are acceptable roles for government.
Ans: D) All of the above are acceptable roles for government.
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Suppose a firm has an investment project which will cost $200,000 and result in $30,000 profit. The firm will not undertake the project if the interest rate is
A) greater than 15 percent. B) greater than 10 percent. C) greater than 5 percent. D) positive.
An "equal opportunity" admissions process to college would widen educational disparities between whites and blacks
Indicate whether the statement is true or false
One reason the Federal Reserve Board in Washington did not act as a lender of last resort during the early years of the Great Depression, was its power struggle with ____
a. U.S. Treasury b. foreign central banks c. Federal Reserve Bank of New York d. President Roosevelt
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.