Cost-push inflation increases real output and employment.
Answer the following statement true (T) or false (F)
False
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The managers of government bureaucracies have an incentive to _____
a. maximize the size of their budgets b. minimize the size of their staff c. maximize the profits from their bureaus d. minimize rent-seeking
The burden of the public debt
a. cannot be passed to future generations b. can be passed to future generations to the extent that it is unevenly distributed between the rich and the poor c. can be passed to future generations to the extent that it is held by foreigners d. can be passed to future generations to the extent that it is held by corporations e. can be passed to future generations to the extent that it is held by state and local governments
In the market for loanable funds, the demand curve:
A. reflects that more people will choose to save the higher is the interest rate. B. is upward sloping. C. is downward sloping. D. represents savers.
If the quantity supplied is infinitely responsive to any change in price, the supply curve is:
A. upward sloping. B. downward sloping. C. horizontal. D. vertical.