A key issue in the present disagreement between Keynesian and monetarist economists is whether
A. monetary policy can bring the economy to full employment.
B. the economy is better off with policy makers adopting a strict rule or using their discretion to set policies.
C. monetary policy can influence interest rates.
D. fiscal policy involves the use of taxation.
B. the economy is better off with policy makers adopting a strict rule or using their discretion to set policies.
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When a transfer price is set lower
a. the costs of the division using the intermediate product will fall b. the profits of the division using the intermediate product will be unaffected c. the profits of the division using the intermediate product will fall d. the profits of the division using the intermediate product will rise
A key tenet of the supply-side economic theory of the 1980s was that government tax cuts would increase after-tax wages, stimulating the incentive to seek higher wages through increased labor supply
Indicate whether the statement is true or false
For a firm in a perfectly competitive labor market
A) W > MFC. B) W < MFC. C) W > MRP. D) W = MFC.
Per capita GDP can be defined as
A. GDP per employed worker. B. GDP per unit of capital. C. GDP per person. D. GDP per unit of unemployment.