Which statement is a good argument in support of policy activism?
A) Policy lags are generally longer than the time it takes the self-correcting mechanism to work.
B) Activist policies help to ensure stability of the real interest rate.
C) Well-considered policies can assist the economy's self-correcting mechanism, thus reducing the variability of inflation and unemployment.
D) all of the above
E) none of the above
C
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When a model takes into account the fact that several different generations may coexist simultaneously, this is known as a(n)
A. neoclassical model. B. life-cycle model. C. overlapping generation model. D. crowding-out model.
Refer to Scenario 16.3. What is Sam's marginal rate of substitution of tee shirts for candy at the current distribution?
A) 2. B) 7/5. C) 5/7. D) It is impossible to determine without the prices of each commodity.
Assumptions that underlie the Resource-based View include
a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. Both a and b
To remedy unfairness in the distribution of income, many Americans look to all of the following except:
A. regressive taxes. B. social welfare programs. C. affirmative action laws. D. comparable worth laws.