Which of the following is part of the synthesis view of fiscal policy?
a. Automatic stabilizers offset some of the fluctuations in aggregate demand without any government action.
b. Fiscal policy is much less potent than the early Keynesian view implied.
c. The effectiveness of discretionary fiscal policy as a stabilization tool is highly questionable given the difficulties in proper timing.
d. All of the above are correct.
e. None of the above is correct.
D
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Refer to Figure 18.4. With free trade, what is the equilibrium quantity of gloves in Duckland?
A) 100 B) 80 C) 60 D) 40
In the above figure, what is the amount of the tax per compact disc?
A) $10 B) $20 C) $30 D) $40
When bank tellers converse with each other, keeping customers waiting in line, they are
A) unemployed. B) out of the labor force. C) working in the best interest of the agent. D) working in the best interest of the principals.
YearCPI200594200699200710020081042009117Using the information in the table shown, what can be said about the rate of inflation?
A. Deflation occurred until 2009, then inflation occurred. B. Inflation was the largest from 2005 to 2006. C. Deflation occurred before 2007, then inflation occurred. D. Inflation occurred every year from 2005 to 2009.