Memory of the supply shocks of the 1970s ________ the growth of real-business-cycle theory, while it was being ________ by new classical work on model-building methods
A) assisted, assisted as well
B) assisted, hindered
C) hindered, assisted
D) hindered, hindered as well
A
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Because information is costly to acquire,
a. people will rationally choose not to become fully informed when making decisions. b. people will generally choose to become as fully informed as possible when making decisions. c. people will generally choose to acquire no information that would be relevant to their decisions. d. none of the above are true.
Between the data lag and the legislative lag falls the __________ lag
A) effectiveness B) wait-and-see C) expansionary D) legislative
Which of the following is not consistent with a minimum wage that is set above the equilibrium wage?
A. Some workers will end up with higher wages. B. Some workers will end up unemployed. C. A labor surplus will result. D. There will be no unemployment.
The supply of money increases when the public buys government securities from commercial banks.
Answer the following statement true (T) or false (F)