A "single tax" on land was proposed in the nineteenth century by
a. Lloyd George.
b. Henry George.
c. George Washington.
d. George Sands.
b
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In the view of the new classical economists, an increase in the money stock will affect real output and employment only if the increase in the money stock
a. was caused by an aggregate supply shock. b. is accompanied by an expansionary fiscal policy shift. c. was anticipated. d. was unanticipated.
Which of the following is not a symptom associated with a price floor?
a. Excess of quantity demanded over quantity supplied. b. Sellers offering discounts in disguised forms. c. Problem of disposal created by excess supply. d. Survival of inefficient businesses.
Which of the following will not increase the opportunity for internal financing of capital?
A. Improved banking facilities. B. Transparent capital markets. C. Saving incentives. D. Seizing of private banks by the government.
If a major technological breakthrough occurs, then the:
A. investment demand curve will shift downward. B. investment demand curve will shift upward. C. consumption function will shift downward. D. consumption function will shift upward.