Which two systems require the least amount of government intervention?
A. Feudalism and socialism
B. Mercantilism and capitalism
C. Mercantilism and socialism
D. Capitalism and feudalism
Answer: D
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Government savings, , is equal to
A) T - G. B) T + G. C) T = G. D) T + G - I. E) T - G = I.
An decrease in the velocity of money will shift the
a. IS curve up. b. LM curve up. c. LM curve down. d. IS curve down.
Union membership over the last five decades has
a. grown at the same rate as the labor force b. become much more attractive and has grown more rapidly than the labor force c. become much more attractive d. grown more rapidly than the labor force e. declined
A decrease in long-run aggregate supply increases the value of real GDP at the natural rate of unemployment for all price levels
a. True b. False Indicate whether the statement is true or false