The primary goal of supply-side economics is to
a. balance the federal budget.
b. reduce the balance of payments deficit.
c. reduce the money supply.
d. reduce inflation and increase growth at the same time.
d
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Explain why positive economies of scale in one (of two) sectors may establish a comparative advantage for the large (as compared to the small) country in the production of the commodity which exhibits positive scale economies
What will be an ideal response?
Initially, the economy is at point B in Figure 10-3 above. We may conclude that over time,
A) per person saving and steady state investment will remain stable at points C and D respectively. B) per person capital will grow, point D to E since per capita savings exceed steady state investment, point C is greater than point D. C) per person capital will grow, point D to E since per capita savings is less than steady state investment, point C is greater than point D. D) per person saving and steady state investment will remain stable at points D and C respectively.
If movies are an inferior good, movie attendance will rise when consumer incomes fall
a. True b. False Indicate whether the statement is true or false
Macroeconomics deals with the concept of: a. individual households. b. market structures
c. market concentration. d. economic growth.