When is the definition and enforcement of property rights especially difficult?
a. When many polluters harm a large group of people with the same pollutant.
b. When a single polluter is harming a single person or entity.
c. When land is owned by a corporation.
d. When the benefits of prosecution are clear.
A
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The cyclical unemployment rate changes with business cycle fluctuations
Indicate whether the statement is true or false
________ flexible wages and prices imply that the short-run aggregate supply curve is ________
A) More; flatter B) Less; steeper C) less; vertical D) More; steeper
If a the government of Country Z is running a budget deficit and net exports are zero, then
A) investment is greater than saving. B) investment and saving are equal. C) saving is greater than investment. D) none of the above.
During inflation, the optimal discretionary fiscal policy would be _____
a. to decrease taxes b. to increase government spending c. to decrease the reserve ratio d. to increase taxes e. to decrease the market interest rate