The school of thought that emphasizes the natural tendency for an economy to move toward equilibrium full employment is known as the:
A. Keynesian school.
B. supply-side school.
C. rational expectations school.
D. classical school.
Answer: D
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If K = 3000, n = 0.02, and d = 0.07, then investment of ________ will hold (K/N) constant
A) 105 B) 150 C) 270 D) 420
Required reserves are
A. equal to total reserves minus excess reserves. B. equal to total reserves minus checkable deposits. C. always less than total reserves. D. determined by multiplying the level of checkable deposits times the discount rate.
A substantial increase in marginal tax rates will most likely encourage individuals to choose: a. to work more overtime
b. to invest more. c. to spend more of their scarce resources looking for tax shelters. d. none of the above.
Jim used to be very careful with his car. However, once he bought full auto insurance on it, he stopped turning on his alarm or even locking it when parking it. This is an example of moral hazard.
Answer the following statement true (T) or false (F)