For liberals, the United States has a(n)
a. public sector that is too large.
b. private sector that is too small.
c. economy that is too heavily regulated.
d. public sector that is too small.
d
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The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. If real GDP is equal to $400 billion then,
A) unplanned inventory is -$300 billion. B) aggregate expenditure is equal to consumption expenditure. C) unplanned inventory is -$200 billion. D) aggregate expenditure is $450 billion. E) unplanned inventory is $200 billion.
The critical factor in maintaining the value of the dollar is
A) confidence the supply of dollars will be limited. B) government budget deficits. C) government budget surpluses. D) the U.S. balance of international payments. E) vigorous economic competition.
Refer to the table below. If the profit for each unit of paper product is $3.00 and the profit for each unit of lumber is $13.50, the profit-maximizing quantity of lumber and paper products is located between which to points on Big Oaks' production possibilities frontier?
Big Oaks can produce either paper products or lumber with each tree that they harvest. Because Big Oaks can adjust the amount of paper products and lumber they produce from the harvested trees, paper products and lumber are produced in variable proportions. The above table summarizes Big Oaks production possibilities from each harvested tree.
A) B and C
B) D and E
C) E and F
D) C and D
A major cause of the Great Recession was:
a. The liberalization of U.S. banking regulations that led to excessive risk taking. b.Excessive foreign exchange speculation. c. Contractionary fiscal policies. d. Excessive money creation by the Federal Reserve immediately before and during the downturn. e. None of the above.