Which of the following may NOT serve as a possible chain reaction for either fiscal or monetary policy?
A) G? ? Y? ? C? ? Y? ? C?....
B) T? ? Y? ? C? ? Y? ? C?....
C) M? ? i? ? I? ? Y? ? C?....
D) M? ? i? ? I? ? Y? ? C?....
E) M? ? i? ? I? ? Y? ? C?....
C
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Government is a social institution
A) in which people do not engage in competition. B) in which the public interest, rather than private interests, guide individual behavior. C) whose behavior is determined by individuals' perceptions of marginal costs and marginal benefits. D) whose detailed actions are governed by the will of the majority.
A productivity growth slowdown can be shown as year-to-year fluctuations of real GDP around potential GDP
Indicate whether the statement is true or false
_____ is an online venue where businesses and individuals can hedge their uncertainty about whether legislation that affects them will be enacted
a. The American Civics Exchange b. Tradesports c. The Iowa Electronic Markets d. The Gallup and Roper surveys
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.