Critics of economic growth say that it will deplete economic resources.
Answer the following statement true (T) or false (F)
True
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According to Keynesians, the primary source of business cycle fluctuations is
A) aggregate demand shocks. B) productivity shocks. C) oil price shocks. D) consumer confidence shocks.
Over the past 50 years, the U.S. poverty rate was at its lowest level in
a. 1973. b. 1980. c. 1990. d. 2008.
The egalitarian principle of income refers to
A) each person being paid differently. B) each person receiving the same income. C) each person receiving tax breaks. D) each person working the same number of hours.
In order to be binding, a price ceiling
A) must lie above the free market equilibrium price. B) must lie below the free market equilibrium price. C) must coincide with the free market equilibrium price. D) must be high enough for firms to earn a profit.