In answer to the question, "Who manages?" the answer is:
a. Everyone does
b. Some people do sometimes
c. Some individuals rarely manage anything
d. It depends, some people manage, others don't
A
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In the traditional Keynesian model, if the government cuts current taxes
A) the C + I + G + X line will shift down but the aggregate demand curve will not shift. B) the C + I + G + X line will shift down and the aggregate demand curve will shift to the left. C) the C + I + G + X line will shift up and the aggregate demand curve will shift to the right. D) the C + I + G + X line will shift up but the aggregate demand curve will not shift.
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
If an 18-year-old male is taking college classes full-time and does not have a job and is not looking for one, he is considered unemployed.
Answer the following statement true (T) or false (F)
The relation between growth, as measured in ________, is an inverted U.
A. income and expenditure B. human capital and physical capital C. saving and investment D. per capita income and pollution