A nominal anchor helps policy makers to avoid ________
A) adaptive expectations
B) constrained discretion
C) negative demand shocks
D) the time-inconsistency problem
D
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If a tariff increases, everybody loses except the government imposing the tariff
a. True b. False
"Dividing the economic pie more equally may reduce the size of the economic pie." This argument is characterized as:
A. a trade off between interest rates and unemployment. B. a form of discrimination. C. a conflict between equity and efficiency. D. a conflict between full employment and economic growth.
Which of the following shifts the aggregate supply curve rightward?
A) increase in real GDP B) increase in the money price of oil C) increase in the money wage rate D) increase in potential GDP E) increase in consumers' incomes
Retained earnings are the same thing as “plowback.”
Answer the following statement true (T) or false (F)