Generally speaking, the government implements fiscal policy in a
A. fast but inaccurate manner.
B. fast and accurate manner.
C. slow but accurate manner.
D. slow and inaccurate manner.
Answer: D
You might also like to view...
When housing prices decrease, household wealth ________ and consumption ________.
A. increases; decreases B. increases; increases C. decreases; increases D. decreases; decreases
Rent seeking is best defined as attempts
A) by landlords to get tenants. B) to achieve monopoly power and the resulting economic profit. C) by individuals to avoid paying taxes. D) by owners of a monopoly to sell the firm.
A country has a population of 5 million. The labor force is 3.5 million, and the number of people not working but actively looking is 140,000. What is the unemployment rate?
a. 70% b. 140,000 c. 4% d. 2.8%
For an economy to be in equilibrium at full employment is, according to Keynes,
a. the natural result of the economy process b. always the result of government intervention c. strictly a matter of historical accident d. a matter of convincing investors to match the level of saving in the economy e. an unattainable goal