The paradox of planning is that it can:
a. Both create and relieve stress
b. Produce anxiety
c. Provide economic supply and demand
d. Be only a short-term fix
A
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Which of the following institutions has the responsibility for producing the coins that are distributed in the United States?
A) the U.S. Treasury Department B) the U.S. Mint C) the Office of the Comptroller of the Currency D) the Federal Reserve System
An example of the political business cycle in action came during the ________
A) Roosevelt administration of the 1920s B) Nixon administration of the 1970s C) Reagan administration of the 1980s D) Bush administration of the 2000s
If output is below the full-employment level of output, we should expect wages to increase over time
a. True b. False
Economists who study labor markets have discovered that
a. only about 5 percent of wage differences are related to chance. b. ability is not difficult to measure but is largely insignificant in explaining wage differences. c. work effort is difficult to measure but is not likely to contribute much to an explanation of wage differences. d. ability, effort, and chance are likely to be significant contributors to wage differences.