If a Balanced Budget Amendment to the U.S. Constitution would be "pro-cyclical," an economist would consider that to be ________ economic stability.
A. independent of concerns regarding
B. counterproductive to
C. enormously helpful for
D. slightly helpful for
Answer: B
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Robert Lucas argues that there are ________ returns to human capital, and these productivity increases are not completely captured by individuals as they decide how much education to purchase
As a result, the market produces ________ education and training. A) increasing; too little B) increasing; too much C) decreasing; too little D) decreasing; too much
How did McDonalds address the drive-through innovation in China?
What will be an ideal response?
Explain why policy lags could make stabilization policies counterproductive
If workers expect inflation, and tend to overestimate actual inflation when they negotiate wage increases, the result will be a continuing
A. shift of AD to the left. B. shift of AD to the right. C. recessionary gap. D. inflationary gap.