In the Keynesian framework, most short-run fluctuations in GDP are due to:
a. changes in aggregate demand
b. changes in the natural rate of unemployment
c. changes in potential GDP
d. changes in the unemployment insurance system
a. changes in aggregate demand
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Suppose that Jesse Eisenberg had been offered a bigger and better part in another movie and that to hire him for The Social Network, the producer had to double Jesse's pay
What incentives would have changed? How might the changed incentives have changed the choices that people made?
The social cost of production is:
A. the private cost of production plus the external cost generated by production. B. the external cost generated by production. C. the private cost of production that is greater than the benefit of production. D. the external cost of production that is greater than the benefit of production.
Which of the following Fed policy actions left the date for completion open, based on achieving particular employment objectives?
A. QE2. B. QE3. C. Maturity Extension Program. D. Operation Twist.
A monetarist would advocate increasing the growth rate of money during an inflation.
Answer the following statement true (T) or false (F)