The U.S. business sector has the most purview over
A. tax revenues.
B. on-the-job training.
C. educational outcomes.
D. university education.
Answer: B
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The new Keynesian model has ________ in common with the real business cycle model
A) wage and price stickiness B) a theory of aggregate demand C) procyclical inflation D) a microeconomic foundation
Supply-side economists
a. focus almost exclusively on the supply-side effects of changes in the money supply. b. did not devote much attention to the supply-side effects of changes in income tax rates since the marginal income tax rate is very low and pertained only to the relatively wealthy. c. argued that cuts in marginal tax rates had very favorable supply-side effects. d. argue that government spending is at least as important as tax rates.
The services of farmers are an example of:
A. capital. B. a natural resource. C. labor. D. entrepreneurship.
An increase in the money supply will appreciate a country's currency.
Answer the following statement true (T) or false (F)