Legislators who must stand for re-election every two years will tend to support
A) policies beneficial to all the people eligible to vote.
B) policies beneficial to all the people now living.
C) policies beneficial to all present voters and future generations of voters.
D) policies promising early benefits and deferred costs.
E) policies representing the public interest.
D
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Evidence in favor the Keynesian model would be that:
a. investment is not sensitive to changes in tax rates. b. labor supply is inelastic. c. the aggregate price level is positively correlated with income. d. all of the above. e. none of the above.
A low sacrifice ratio would make a central bank less willing to reduce the inflation rate
a. True b. False Indicate whether the statement is true or false
If a country's real GDP is rising by 3% per year while its population is rising at 5% per year, which of the following is true?
A) Growth in nominal GDP is less than the growth in the population. B) The country's standard of living is falling. C) The country's standard of living is rising. D) Growth in nominal GDP outweighs growth in the population.
Who was Adam Smith?
What will be an ideal response?