"Policy ineffectiveness" refers to the hypothesis that monetary and fiscal policy actions that change aggregate demand will
a. neither affect output nor employment even in the short run.
b. affect output and employment in both the short run and long run.
c. affect output but not employment in the short run.
d. not affect output but will affect employment in the long run.
A
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Employers tailor compensation packages to attract employees who will give them a competitive edge in the market
Indicate whether the statement is true or false
The investment rate is the percentage of total output allocated to
A. The production of new plants, equipment, and structures. B. Education and training for the workforce. C. Consumer retirement accounts. D. Saving.
If the government provides universal health insurance, what screening process will the government need?
A) It won't need a screening test. B) It will only give health insurance to non-smokers. C) It won't use screening tests but it will use statistical discrimination. D) It won't use screening tests but it will use signals.
Which of the following is used as an antitrust tool that focuses on the structure of industry?
A. Prohibiting mergers and acquisitions. B. Price regulation. C. Profit regulation. D. Forbidding business practices such as advertising.