Which of the following changes should make activist policy makers more confident in their capacity to make good policy recommendations?
A) structural change in the economy
B) changes in multipliers
C) a longer estimated lag for monetary policy
D) none of the above
D
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Who said "If it moves, tax it. If it still moves, regulate it. If it stops moving, subsidize it."?
A) Barack Obama B) Ronald Reagan C) Vilfredo Pareto D) Adam Smith
There were a huge number of bank failures between
A. 1930 and 1933. B. 1933 and 1936. C. 1936 and 1939. D. 1939 and 1942.
Refer to the following model.
yt = 
0 + 
0st + 1st-1 + 2st-2 + 3st-3 + ut
0+ 1+ 2+ 3 represents:
A. the short-run change in y given a temporary increase in s.
B. the short-run change in y given a permanent increase in s.
C. the long-run change in y given a permanent increase in s.
D. the long-run change in y given a temporary increase in s.
Fiscal policy is concerned with _____
Fill in the blank(s) with the appropriate word(s).