There is very little disagreement when it comes to macroeconomic theory.
Answer the following statement true (T) or false (F)
False
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The great failure of activist fiscal policy in the 1960s was its
A) timidity in the face of persistent stagnation. B) over-reliance on tax cuts to the exclusion of government spending programs. C) delay in reversing course as the economy became overstimulated. D) limited role as an accommodator of an activist monetary policy.
The economic system that answers the What, How and For Whom questions the way they have always been answered is a:
a. market economy. b. command economy c. soviet economy. d. traditional economy.
Which of the following is least likely to overcome the free-rider problem?
A. offer people a private gift for contributing B. arrange for matching contributions C. appeal to people's sense of civic or moral responsibility D. maintain anonymity of contributions
When there is a change in the quantity demanded it means that:
A. the hours the customer can buy products each day have increased. B. the number of products in inventory have increased. C. the quantity a consumer is willing to buy changes when the price changes. D. the selling price of the products has not changed.