Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country
a. True
b. False
Indicate whether the statement is true or false
False
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Austerity measures are designed to:
A. reduce the government budget deficit. B. prevent the collapse of large financial institutions. C. increase consumer spending. D. increase government spending.
A special interest group cannot impose its will on the majority because the perceived costs and benefits from government programs are the same for both groups
a. True b. False Indicate whether the statement is true or false
The impact of the multiplier effect is to:
a. smooth out the up and down swings of the business cycle. b. promote price stability. c. magnify small changes in spending into much larger changes in real GDP. d. reduce the impact of an increase in investment on output and employment.
Human capital is the
a. knowledge and skills that workers acquire through education, training, and experience. b. stock of equipment and structures that is used to produce goods and services. c. total number of hours worked in an economy. d. same thing as technological knowledge.