Most economists feel that the ability to alter the unemployment rate with fiscal and monetary policies is ______.
a. more limited than previously believed
b. more powerful than previously believed
c. impossible
d. easy
a. more limited than previously believed
You might also like to view...
Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Stock$4,000Checking$1,500Car loan balance$10,000Car$15,000Which of the following actions would decrease Joan's money demand by $200?
A. Joan writes a $200 check for cash and holds the cash. B. Joan writes a check for $200 to purchase additional shares of stock. C. Joan sells $200 worth of stocks and puts the proceeds in her checking account. D. Joan gets a $200 cash advance on his credit card and puts the proceeds in her checking account.
The "principle of rival consumption" applies to which of the following?
A) national defense B) the free-rider problem C) the exclusion principle D) a private good
In the first week in March 1933, ______ banks had shut their doors.
A. a few B. nearly half C. most D. all
When an economy is producing inside its production possibility frontier,
A. it is efficient so long as it is producing what people want. B. it must overcompensate by producing outside the curve to achieve efficiency. C. production inefficiency occurs. D. only technological advances will allow it to increase production.