Higher interest rates as a result of deficit spending
A. increase the wealth of future generations.
B. ultimately have a positive impact on productivity gains and society's standard of living.
C. raise growth in investment spending.
D. crowd out private investment.
Answer: D
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Government stabilization policy would be unnecessary if the economy automatically gravitated toward
A. full inflation. B. full employment. C. full recession. D. an inflationary gap.
A sustained fall in the aggregate price level is called:
A. economic decline. B. deflation. C. economic growth. D. inflation.
In what year did the technology stock bubble burst?
A. 2000 B. 2006 C. 2007 D. 2008
Recall the Application about how having car insurance affects driving behavior to answer the following question(s).Recall the Application. The theory of moral hazard suggests that uninsured drivers drive less carefully than insured drivers.
Answer the following statement true (T) or false (F)