When government intervenes in the production process because external benefits exist, it typically attempts
A. to shift the market's demand curve to the left.
B. to impose a tax on each unit produced.
C. to shift the market's supply curve to the left.
D. to shift the market's demand curve to the right.
Answer: D
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If reserves in the banking system increase by $100, then checkable deposits will increase by $667 in the simple model of deposit creation when the required reserve ratio is
A) 0.01. B) 0.05. C) 0.15. D) 0.20.
Which statement is false?
A. Health and safety regulations diverted resources from investment. B. Higher energy costs stimulated economic growth. C. Environmental protection legislation slowed economic growth. D. Government regulation has increased the cost of doing business.
Most macroeconomists believe that both fiscal and monetary policy can shift aggregate demand and that such interventions can be counterproductive
a. True b. False Indicate whether the statement is true or false
Installing software to limit screen time, forcing you to uninstall it every time you reach the limit, is an example of:
A. a commitment device. B. increasing the cost of a vice. C. can be explained through behavioral economics. D. All of these are true.