Tampering with the price mechanism
a. can be efficient for a while.
b. cannot be attempted in a market economy.
c. can enhance societal welfare if done properly.
d. often produces undesired side effects.
d
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To the extent that the Ricardian equivalence theorem is true, which of the conditions below will hold?
A) Increases in the government budget deficit will not affect aggregate demand. B) Investment spending will not be considered part of aggregate demand. C) The long-run aggregate supply curve will not be vertical. D) Exports will not be considered part of aggregate demand.
Ultimate solutions to the problems of unsustainable debt must take into account the incentives for lenders to make loans
Indicate whether the statement is true or false
One of the most, if not the most, severe recessions since World War II began in the
A. fall of 2005. B. fall of 2007. C. summer of 1964. D. summer of 1927.
Refer to the data. The Herfindahl index for this industry is:
A. 95.
B. 1,000.
C. 2,925.
D. 2,950.