Which of the following promoted legislation that would give private citizens greater information regarding public policymaking?
a. The Keynesians
b. The monetarists
c. The new classicals
d. The traditional classicals
e. The consumer advocates
c
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If the government borrows money to finance additional spending when the economy is operating at full capacity, then we would expect
A. interest rates to rise and prices to fall. B. interest rates to fall and prices to rise. C. neither interest rates nor prices to rise. D. both interest rates and prices to rise.
Everything else held constant, when output is ________ the natural rate level, wages will begin to ________, increasing short-run aggregate supply
A) above; fall B) above; rise C) below; fall D) below; rise
Rental Car Maintenance Why do rental cars require more maintenance in their first 50,000 miles than comparable cars driven by private owners?
The business cycle dating committee determines when peaks and troughs occur by looking at
A. mainly at real GDP figures. B. mainly at the unemployment rate. C. data from our economy and comparing it to data from other major nations. D. mainly at employment, industrial production, personal income, and manufacturing and trade revenue.