In general, the MRP _____ as output increases.
A. declines
B. rises
C. stays the same
A. declines
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"Any additional increases in government spending should be for defense," is ________ statement about ________ policy.
A. positive; monetary B. normative; monetary C. positive; fiscal D. normative; fiscal
Which of the following is not a major function of the Federal Reserve System?
A) lender of last resort B) clearing checks between banks C) setting income tax rates D) controlling the money supply
A beggar-thy-neighbor policy is
A. The imposition of import barriers for the purpose of curbing inflation. B. An attempt by a poor country to get more foreign aid and assistance. C. The imposition of trade barriers to increase domestic employment. D. The imposition of trade barriers for the purpose of expanding exports.
A major factor contributing to the growth in employee-based health insurance in the United States has been:
a. the legislation requiring all firms to provide health insurance to all full-time workers. b. the long-standing tradition in the United States of providing a generous package of benefits to all workers. c. the tax-free treatment of health insurance as an employee benefit. d. greater-than-average economic growth leading to increased demand for labor.