Classical economists believed that in the long run the economy would fix itself, thus there was no need for any government action. Which of the following economists disagreed, saying, "In the long run, we are all dead."
A. Milton Friedman
B. Arthur Laffer
C. George Lucas
D. John Maynard Keynes
D. John Maynard Keynes
Economics
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The components of aggregate expenditure that are not influenced by GDP are known as
A) fixed expenditure. B) induced expenditure. C) planned expenditure. D) unplanned expenditure. E) autonomous expenditure.
Economics
Which central coordination task has claimed the most attention of central planners?
a. Output selection b. Production planning c. Distribution d. Rationing
Economics
The Golden Parachute is an instrument that aligns shareholder interests with that of management
a. True b. False
Economics
The economy of South Korea would best be classified as:
A. pure capitalism. B. a command system. C. a market system. D. socialism.
Economics