The hypothesis that people attempt to stabilize their consumption over their entire lifetime is the
A) life cycle hypothesis.
B) forward looking expectation hypothesis.
C) permanent-income hypothesis.
D) None of the above.
A
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The long-run Phillips curve is a(n) ____ line at the natural rate of unemployment
a. horizontal b. vertical c. upward-sloping d. downward-sloping
Which of the following is accurately predicted by GDP?
a. production b. education c. health d. environmental protection
The Federal Funds Market provides for day to day lending and borrowing among banks having excess reserves on account at the Fed
Indicate whether the statement is true or false
A system of private property rights
A. retards economic growth by serving the interests of the wealthy only. B. enhances economic growth by creating incentives for the government to sell its assets. C. retards economic growth by limiting the options of people who own nothing. D. enhances economic growth by inducing people to make capital investments today.