When measuring the actual output produced in an economy, one should focus on GDP measured in nominal terms
Indicate whether the statement is true or false
FALSE
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An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they do not classify clients into different risk types according to their claim history c. they classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment
What's the firm's contribution margin?
a. $12 b. $10 c. $8 d. $4
Johnny has been working a lot of overtime during the most current economic boom. As a result, his income is high enough for him to move from the 10 percent tax bracket to the 15 percent tax bracket. So, Johnny pays a higher percentage of a higher income to the government this year. The increased amount paid to the government is an example of:
A. discretionary fiscal policy slowing the economy. B. discretionary fiscal policy encouraging economic activity. C. automatic stabilizers slowing the economy. D. automatic stabilizers encouraging economic activity.
What is the consensus among economists and other monetary policy experts regarding the usefulness of the monetary policy instruments available to central banks in normal times?
What will be an ideal response?