Which of the following is least likely to be a problem for monetary policy?
A. The recognition lag.
B. The operational lag.
C. The administrative lag.
D. Cyclical asymmetry.
C. The administrative lag.
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Holding all else constant, if the U.S. government restricts capital outflows, then the equilibrium value of the U.S. dollar will:
A. appreciate B. remain fixed. C. depreciate. D. be determined by the Federal Reserve.
Over the long run, taxes and government expenses have
A) remained relatively stable. B) decreased. C) increased. D) drifted apart.
The theory of liquidity preference is largely at odds with the basic ideas of supply and demand
a. True b. False Indicate whether the statement is true or false
On holiday weekends thousands of people picnic in state parks. Some picnic areas become so overcrowded the benefit or value of picnicking diminishes to zero. An overcrowded picnic area is an example of
a. a private good. b. a club good. c. a Tragedy of the Commons. d. public good.