A laissez faire policy is one in which
a. the government plays a major role in guiding economic activity
b. the government prefers to control taxes rather than spending
c. the government leaves things alone
d. individuals rely on the government for guidance but not for active intervention in the economy
e. businesses rely on the government for guidance but not for active intervention in the economy
C
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The decision by inflation targeters to choose inflation targets ________ zero reflects the concern of monetary policymakers that particularly ________ inflation can have substantial negative effects on real economic activity
A) below; high B) below; low C) above; high D) above; low
A market's structure is described by
A) the number of firms in the market. B) the ease with which firms can enter and exit the market. C) the ability of firms to differentiate their product. D) All of the above.
Which of the following is true of the simple spending multiplier?
What will be an ideal response?
Which of the following best explains why the net flow of illegal immigrants to the United States has been close to zero (particularly from 2009-2011)?
A. Increases in Mexican birth rates have made migration more costly. B. Economic growth in Mexico exceeded U.S. growth from 2009-2011. C. Immigration reform has reclassified many illegal immigrants as legal immigrants. D. Dramatic cuts in social services to illegal immigrants has led many to return to their country of origin.