One-shot inflation can be caused by
A) increases in aggregate demand only.
B) decreases in aggregate supply only.
C) either increases in aggregate demand or decreases in aggregate supply.
D) neither increases in aggregate demand nor decreases in aggregate supply.
C
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A government decision to privatize a sector of the economy formerly operated by the government is an example of ________ policy.
A. aggregation B. structural C. fiscal D. monetary
The period over which a call or put option exists is
A) determined by its delivery date. B) determined by its expiration date. C) determined by whether the contract is written for a commodity or for a financial instrument. D) indeterminate; options contracts continue in existence until either the buyer or the seller desires to discontinue it.
A good economic theory: a. includes every detail that affects the economic behavior of interest
b. relies on simplifying assumptions in order to explain economic behavior. c. does not rely on simplifying assumptions. d. is impossible to achieve because of the difficulty of conducting controlled experiments.
Economists are often perceived as disagreeing with each other. Is this the way things really are?
a. No, economists agree on much more than is commonly supposed. b. No, the problem is that some economists are smarter than others. c. No, economists "stage" disagreements for public amusement. d. Yes, economists rarely agree on much of anything. e. Yes, economists are unable to analyze problems dispassionately.