Policy makers with conservative values usually ask for policy recommendations from:
A. "liberal" economists.
B. all economists.
C. both "liberal" and "conservative" economists.
D. "conservative" economists.
Answer: D
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The concept of ________ is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today
A) present value B) future value C) interest D) deflation
An example of direct finance would be when
A) a person purchases a certificate of deposit from a bank. B) a person buys a life insurance policy. C) a person buys 100 shares of stock from a corporation. D) a bank makes a loan to a customer.
Which of the following would be shown on IBM's accounting statement?
a. revenue, implicit costs, explicit costs, and economic profit b. revenue, implicit costs, explicit costs, and accounting profit c. revenue, explicit costs, and economic profit d. revenue, explicit costs, and accounting profit e. revenue, implicit costs, and accounting profit
When policy makers are constantly shifting back and forth between expansionary and restrictive monetary policy, this is most likely to
A) keep the general level of prices relatively stable because the periods of restrictive policy will just offset the periods of expansion. B) help promote economic stability because changes in monetary policy can be counted on to exert a predictable impact on the economy quickly. C) promote economic stability and stimulate employment. D) promote instability because the time lags of monetary policy are long and unpredictable.