An amusement park is an example of a pure private good
Indicate whether the statement is true or false
FALSE
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According to the theory based on rational expectations and flexible wages and prices,
A) only the combination of discretionary fiscal policy and conservative monetary policy can affect real GDP in the long run. B) neither fiscal nor monetary policy influence real GDP in the long run. C) fiscal policy has less effect on real GDP than monetary policy in the long run. D) monetary policy has less effect on real GDP than fiscal policy in the long run.
The message that market economies efficiently generate information through markets is associated with:
a. Mises and Hayek b. Samuelson c. Kornai d. Olson e. Keynes
In-kind transfers include
A. Public housing and Medicare. B. Social Security benefits and housing subsidies. C. Medicaid and unemployment benefits. D. Transfer payments and food stamps.
Subsidiarity requires nations to give up some of their national sovereignty
Indicate whether the statement is true or false