Most economists attribute the Great Moderation experienced in the United States during the 1990s mainly to:
A. better understanding and use of monetary policy.
B. aggressive fiscal policy.
C. slowing productivity growth.
D. good fortune.
Answer: A
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A) draining into the banks; an B) held at the Fed; an C) draining into the banks; no D) held as reserves; no E) held outside the banks; an
In the figure above, a point showing an inefficient production point is point
A) A. B) B. C) C. D) D.
If you were a UN advisor to Sri Lanka and recommended the unbalanced development strategy, you would suggest
a. from beginning to end, massive government planning, financing, and administering the development process, similar to the big-push strategy b. initial private investment because it is no real cost to the government but later rely on government's forward and backward linkages c. initial UN aid in infrastructure but otherwise leaving the development process to government planning and financing d. massive investment by the United Nations e. initial government investment in infrastructure but otherwise leaving the development process to private sector entrepreneurs
The government may not implement policies intended to redistribute income in which of the following economic systems?
A. Laissez-faire capitalism B. Command system C. Mixed economy D. Market system