When two variables have been observed to have a tendency to occur at the same time, we can say there is ________ but not necessarily ________.
A. positivity; causation
B. causation; correlation
C. normality; correlation
D. correlation; causation
Answer: D
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A negative income tax program provides a simple way to assist the unemployed
a. True b. False Indicate whether the statement is true or false
Public choice theory indicates that the behavior of people in government
a. differs from the behavior of people in the private sector because they are motivated by the public interest rather than their own personal self-interest. b. differs from the behavior of people in the private sector because public sector decision roles do not allow people to pursue their own self-interests. c. is the same as people in the private sector only if decisions are made by majority vote. d. is best understood by applying the same principles we use to predict the behavior of people in the private sector.
The ________ determines the supply of money
A) Federal Reserve B) banking system C) President D) Congress
Monetary expansion causes the current account balance to increase in the short run. Discuss. Is the same the case for fiscal expansion?
What will be an ideal response?