Policies which promote good governance of a society are:
A. based on favoritism.
B. not important to pursue in developing countries.
C. central to economic growth.
D. uncommon in nations with high growth rates.
C. central to economic growth.
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Which of the following shifts the demand curve for movies rightward?
A) an increase in the price of NetFlix, a substitute for movies B) an increase in the price of movie tickets C) a decrease in the price of move tickets D) an increase in movie star salaries E) an increase in the price of HDTV sets
The standard view in economics is that tax cuts without ________ will ________ the budget deficit resulting in ________
A) increasing spending; decrease; unemployment B) spending cuts; decrease; unemployment C) increasing spending; increase; crowding out investment D) spending cuts; decrease; crowding out investment E) spending cuts; increase; crowding out investment
If the marginal propensity to consume (MPC) is 0.75, what is the value of the multiplier?
A) 4.0 B) 3.0 C) 2.0 D) 1.0
Which of the following best reflects the nonactivist view of stabilization policy?
a. Monetary and fiscal policies exert little impact on the economy. b. Discretionary policy changes often make matters worse. c. Fiscal policy should be used to help stabilize the economy; monetary policy should not. d. Expansionary monetary policy is the primary source of rapid economic growth.