While the scientific method is applicable to studying natural sciences, it is not applicable to studying a nation's economy
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose the actual budget deficit remains unchanged when the economy falls into a recession. This is an indication that
A) fiscal policy was used during the recession. B) monetary policy was not used during the recession. C) fiscal policy was not used during the recession. D) monetary policy was used during the recession.
Which of the following would increase public saving?
A) an increase in transfers B) an increase in government purchases C) an increase in taxes D) All of the above would increase public saving.
Natasha is going to buy a risky asset that has an expected value of $62, which yields an expected utility of 146. Equivalently, she could get utility of 146 from a certainty equivalent of $43. What is Natasha's risk premium?
A) $19 B) $43 C) $103 D) $105
A production possibilities frontier can shift inward if there is
a. an increase in the unemployment rate b. mandatory retirement at age 55 c. an improvement in technology d. a larger work force e. a larger capital stock