When a system of pollution rights is in effect, polluters have no economic incentive to reduce the amount of pollution they generate
a. True
b. False
B
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According to Malthus, if the standard of living is above subsistence:
A) couples have more children. B) consumption is more than savings. C) couples have fewer children. D) savings is more than consumption.
An extra dollar into the Social Security trust fund _____
a. increases the assets of the federal government by a dollar b. decreases the assets of the federal government by a dollar c. has no impact on the assets of the federal government d. speeds up the time until insolvency of the trust fund
Which of the following is consistent with an active approach to policy?
a. The natural rate of unemployment being uncertain b. Wages and prices being relatively quick to adjust c. The short-run aggregate supply curve being slow to shift in the presence of a recessionary gap d. The size of the multiplier being irrelevant e. The aggregate demand curve being slow to shift in the presence of a recessionary gap
When self-correction works to eliminate an expansionary gap, _____
a. both money wages and real wages increase b. money wages increase while real wages decrease c. both money wages and real wages decrease d. money wages decrease while real wages increase e. money wages remain unchanged