Which of the following contributed to the weak recovery from the 2008-2009 recession?
a. constant policy changes that generated uncertainty and undermined private investment
b. the restrictive monetary policy followed by the Fed
c. the tax increases instituted by a Congress intent on balancing the budget
d. the inability of the federal government to borrow because of the sharply higher interest rates
A
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Use the following diagram for the corn market to answer the question below. If the price in this market is fixed at $2 per bushel, then
A. buyers will find too much corn in the market. B. buyers will be able to get as much corn as they wish to buy. C. sellers will not be able to sell all the corn that they intended to sell. D. sellers will quickly run out of corn that they bring to market.
Not buying junk food while doing the weekly shopping and forcing an extra trip to the store to acquire it is an example of:
A. how people compensate for time-inconsistent decisions. B. increasing the cost of a vice. C. a commitment device. D. All of these are true.
If it costs Con Ed approximately $20 per additional ton of air pollution abated, but it costs PG&E only $10 per additional ton of air pollution abated, a marketable pollution permit trading for $14 per ton could
A. earn PG&E $6 per ton and save Con Ed $4 per ton. B. save PG&E $6 per ton and earn Con Ed $4 per ton. C. save PG&E $4 per ton and earn Con Ed $6 per ton. D. earn PG&E $4 per ton and save Con Ed $6 per ton.
Which statement about public assistance is false?
A. It is aimed solely at the poor. B. It has failed completely. C. It has not ended poverty. D. It has fostered a permanent underclass.