Advocates of "fixed policy rules" believe
A. That fine-tuning can improve macro outcomes.
B. That the economy is better off using discretionary policy.
C. In constant increases in the money supply and balanced federal budgets.
D. That politicians can best determine when to stimulate and restrain the economy.
Answer: C
You might also like to view...
If a Pigovian tax is levied on consumers, the demand curve will shift:
A. straight up, decreasing quantity. B. straight down, decreasing quantity. C. straight down, increasing quantity. D. straight up, increasing quantity.
Which of the following statements is correct regarding a firm's decision-making?
a. The decision to shut down and the decision to exit are both short-run decisions.
b. The decision to shut down and the decision to exit are both long-run decisions.
c. The decision to shut down is a short-run decision, whereas the decision to exit is a long-run decision.
d. The decision to exit is a short-run decision, whereas the decision to shut down is a long-run decision.
A company decides to outsource all product designs to Singapore because it has been found to have the most efficient design companies. In this situation, the ______ implication for international business is being considered.
Fill in the blank(s) with the appropriate word(s).
Refer to the below table. The marginal revenue product of the fourth unit of input is approximately:
