Discretionary fiscal policy
A. is the use of the money supply to maintain stable prices.
B. is the purchase and sale of Treasury securities to influence economic growth and inflation.
C. is the use of regulation to influence economic growth and inflation.
D. is the use of government spending and tax policies to influence economic growth and inflation.
Answer: D
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In a frictionless labor market:
A) there is always a shortage of workers. B) the wage adjusts instantly to clear the market. C) there is always a surplus of workers. D) the ongoing wage rate does not change for long periods of time.
MFP growth represented by a will be higher than the growth of labor productivity if
A) k > n. B) k < n. C) k = n. D) None of the above. The relative size of k and n do not affect MFP growth.
In the game in Scenario 13.7, the strategy pair that pays
A) $69,000 to each player is the only equilibrium. B) ($0, -$1000 ) is the only equilibrium. C) (-$1000, $0 ) is the only equilibrium. D) $0 to each player is the only equilibrium. E) $69,000 to each player and the strategy pair that pays $0 to each player are equilibria.
Which of the following barometric indicators would be the most helpful for forecasting future sales for an industry?
a. lagging economic indicators. b. leading economic indicators. c. coincident economic indicators. d. wishful thinking e. none of the above