As contrasted to the Keynesian view, mainstream economists believe that ________ than Keynesian economists believe
A) the real GDP growth rate is larger
B) any crowding out effect is smaller
C) the effects from fiscal stimulus are weaker
D) potential GDP is less important
E) the multiplier effect is larger
C
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Which of the following is true?
A. Competitive markets that are free of government interference will efficiently price externalities. B. Nonmarket economies have historically created less environmental damage than market economies. C. Externalities are rare and in practice are not relevant to policy makers. D. Public institutions, private firms, and consumers all create externalities.
When do new firms enter a perfectly competitive market? When does entry stop?
What will be an ideal response?
There is ________ for any bond whose time to maturity matches the holding period
A) no interest-rate risk B) a large interest-rate risk C) rate-of-return risk D) yield-to-maturity risk
When aggregate output falls, money demand and the interest rate fall
a. true b. false