Most economists would agree that the national debt should be reduced
A. during both periods of recession and prosperity.
B. just during periods of recession.
C. just during periods of prosperity.
D. never.
C. just during periods of prosperity.
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The Federal Reserve provides gold in exchange for Federal Reserve notes
a. True b. False Indicate whether the statement is true or false
Restrictions on the types of food additives that breakfast cereal manufacturers can use is an example of a social regulation
a. True b. False Indicate whether the statement is true or false
Risk aversion simply means that people dislike bad things to happen
a. True b. False Indicate whether the statement is true or false
Suppose you were to hear a politician defend the minimum wage on the grounds that workers would be happier and more productive with a higher minimum wage, you would know this person to be relying on the ________ argument.
A. elasticity B. macroeconomic C. consumer and producer surplus D. work effort