Economists assume that people are motivated by
A. the interests of the community at large.
B. self-interest.
C. morally correct behavior.
D. a desire to please others.
Answer: B
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The federal funds rate is a:
A) short-term nominal interest rate. B) short-term real interest rate. C) long-term real interest rate. D) long-term nominal interest rate.
The Obama stimulus package included fiscal policy actions designed to assist the economy in its recovery from recession. These fiscal policy actions would include ________ government spending and ________ taxes
A) decreasing; decreasing B) increasing; decreasing C) decreasing; increasing D) increasing; Increasing
More economists adopted monetarism in the early 1990s
a. True b. False Indicate whether the statement is true or false
Countries that have adopted liberal reforms and substantially increased their economic freedom rating in recent years
a. experienced falling income levels per capita during 1995-2009. b. grew slowly during 1995-2009. c. achieved impressive growth rates of real GDP per person during 1995-2009. d. have grown less rapidly than high income industrial economies.