Which of the following schools of thought advised against fine-tuning, due to our limited understanding of the economy?
A) Monetarist
B) Keynesian
C) New Keynesianism
D) New growth
E) Neoclassical
E
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Economic theory predicts that
(a) market forces impose stiff penalties on profits whenever enterprises discriminate against individuals on any basis other than productivity. (b) government intervention is required to combat discrimination. (c) market mechanisms and government interventions are weak in addressing issues of discrimination. However, government is relatively stronger. (d) discrimination is a necessary part of life private and public life.
A major advantage of the corporation is
a. limited taxes. b. preferential treatment by state governments. c. limited liability of individual owners. d. limited numbers of owners and ease of decision making.
In the open-economy macroeconomic model, the supply of loanable funds equals
a. national saving. The demand for loanable funds comes from domestic investment + net capital outflow. b. national saving. The demand for loanable funds comes only from domestic investment. c. private saving. The demand for loanable funds comes from domestic investment + net capital outflow. d. private saving. The demand for loanable funds comes only from domestic investment.
What is an economic variable?
What will be an ideal response?