Coordination of macroeconomic policies between nation is uncommon
Indicate whether the statement is true or false
TRUE
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If the price level rises, what will happen to aggregate supply?
a. It will shift outward. b. It will shift inward. c. Nothing. d. It will get steeper. e. It will get flatter.
To state that national saving is equal to investment, for a closed economy, is to state an accounting identity
a. True b. False Indicate whether the statement is true or false
What is a major criticism of corrective taxes?
a. They are done for political reasons rather than reducing externalities. b. They place most of the burden on the worst offenders. c. They unfairly burden the wealthy to pay for the actions of others. d. They disproportionally impact low-income people.
Often owners of firms who hire managers must install incentive or bonus plans to ensure that the:
A. company will have positive economic profits. B. manager will work hard. C. company is financially secure. D. manager will maintain employee morale.