Refer to Figure 13.1. All else equal, if the economy is in a recession, expansionary fiscal policy would result in a movement from
A) point A to point B.
B) point B to point A.
C) point B to point C.
D) point C to point B.
B
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The proponents of rational expectations and monetarism think that the Federal Reserve should adopt
A) a constant monetary growth rule. B) an interest rate target. C) a monetary aggregate target. D) an inflation target.
If the price of a good increases compared to the base year, then the price level also increases
a. True b. False Indicate whether the statement is true or false
What types of capital can improve the productivity of workers?
A. Technological and human B. Human and physical C. Physical and technological D. Human, technological, and physical capital are all determinants of productivity
Which of the following would most likely promote competitive pricing of products?
A) Robinson-Patman Act B) Wheeler-Lea Act C) Federal Trade Commission Act D) Clayton Act