Countercyclical fiscal policy has a serious problem with
a. the timing of its enactment and impact.
b. the easy reversibility of policy.
c. the tendency of the Federal Reserve to immediately counter Congressional action.
d. the courts as it has been held to be unconstitutional.
e. Presidential executive orders.
A
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Economists use GDP to determine
A) the economic performance of a country over time. B) the well-being of a country's citizens. C) the financial stability of a nation. D) the overall money supply within a nation. E) all of the above.
In the Solow growth model, the steady state occurs when
A) investment = depreciation. B) depreciation = 0. C) the capital-labor ratio = 1. D) saving = investment.
In the simultaneous move labor negotiation game:
a. Neither party prefers bargaining hard in the Nash equilibrium b. Both the parties want to end up in the least efficient outcome c. Both parties bargain hard in the Nash equilibrium d. Both parties want to stay in the prisoner's dilemma
Assuming constant returns to scale, if two countries are otherwise the same, the one that is poorer grows faster
a. True b. False Indicate whether the statement is true or false