A major side-effect of a stimulative fiscal policy is that it will
A) discriminate in favor of housing.
B) crowd out private expenditures.
C) increase the natural rate of unemployment.
D) permanently raise the rate of inflation.
B
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Which of the following statements about commission systems of compensation is false?
A) During sluggish periods, an employer's payroll expenses will decline along with sales. B) If workers are paid on the basis of the number of units produced, they may become less concerned about quality. C) They increase the risk to workers because sometimes output declines for reasons not connected to the worker's effort. D) The lack of income stability will induce the more productive workers to leave in search of more secure employment.
The breakdown of the Bretton Woods system occurred because
a. the world economy was basically unhealthy b. the collapse of world gold production undermined the operation of the system c. the dollar was undervalued d. the dollar was overvalued e. the ten richest countries in the world refused to cooperate any longer
Which of the following best describes aggregate expenditure?
a. C + I + G + (X ? M) b. C + S + G + (X ? M) c. C + I + G + (X + M) d. C + I + T + (X ? M) e. C + I + T + (X + M)
A productive project is one that generates
What will be an ideal response?