A frequently cited barrier to economic development is the apparent shortage of entrepreneurial activity in developing nations.
Answer the following statement true (T) or false (F)
True
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The fiscal policy target for achieving full employment when an inflationary gap exists is known as the
A. AD excess. B. Fiscal restraint. C. AD shortfall. D. Fiscal stimulus.
What do economists mean when they use the term 'ceteris paribus'?
What will be an ideal response?
Which of the following occurs when consumers decide to save every penny of a tax cut, knowing that this tax cut must be financed by future tax increases?
A. Keynesian offset B. Ricardian equivalence C. Fiscal balancing D. Animal spirits
The discount rate is generally set __________ the fed funds rate.
A. 1/4 to 1/2 percentage point lower than B. equal to C. 1 to 2 percentage points higher than D. 3/4 to 1 percentage point higher than