The emphasis on the greater incentives to produce, created by lower taxes, has come to be known as:
a. the trickle-down economics.
b. the supply-side economics.
c. the paradox of thrift.
d. the permanent income hypothesis.
e. monetarism.
b
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The action taken by a country's central bank to prevent balance of payments policies from influencing the country's domestic money supply is called a:
A) fiscal policy intervention. B) monetary policy intervention. C) sterilized intervention. D) non-sterilized intervention.
"Economics deals with human needs." Do you agree or disagree? Why?
What will be an ideal response?
The reserve ratio is 20 percent. If the Fed buys $1 million of U.S. government securities and the check is deposited in Bank A, but Bank A increases its vault cash by the entire amount, then the money supply
A) does not increase. B) increases by $800,000. C) increases by $1 million. D) increases by more than $1 million.
Points inside the Production Possibilities Frontier are
A. associated with some unemployment. B. unattainable. C. both attainable and unattainable. D. attainable.