The stock market crash of 1929 may have been avoided if:
A. large companies had been more objective in their decision making.
B. investors had acted rationally.
C. investors had acted irrationally.
D. large companies had been more emotional in their decision making.
Answer: B
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Transfer payments are money received as grants from government.
Answer the following statement true (T) or false (F)
The more times a worker performs a particular task, the more proficient the worker becomes at that task. This source of productivity increase is called
A) repetition. B) specialization. C) continuity. D) innovation.
Among the prospective rules that set target variables directly, only the nominal GDP rule
A) provides a nominal anchor. B) is easy for the Fed to achieve. C) allows a neutral response to a supply shock. D) is insulated from the effects of unstable velocity.
The short-run aggregate supply curve shows that a change in inflation will cause (a) change(s) in ________
A) output B) potential output C) expected inflation D) price shocks E) all of the above