The three welfare goals: adequate income, work incentives, and minimize costs are irreconcilable
Indicate whether the statement is true or false
T
You might also like to view...
Jaime’s income elasticity for science fiction novels is 1.2 and for mystery novel -1. For Jaime, science fiction novels are ____________and mystery novels are ____________:
a. normal; normal b. normal; inferior c. inferior; normal d. inferior; inferior
A budget deficit will be least inflationary if the aggregate
a. demand curve is very steep. b. demand curve is very flat. c. supply curve is very flat. d. supply curve is very steep.
An essential piece of the liquidity preference theory is the demand for money
a. True b. False Indicate whether the statement is true or false
Open market transactions involve which of the following activities?
I. issuing new Federal Reserve notes II. buying or selling newly issued government bonds to raise funds for the government III. buying or selling previously issued government bonds to change the volume of bank reserve A) I only B) II only C) III only D) II and III only . E) I, II ,and III