In the aftermath of the Great Recession
A. deflation concerns have subsided in the U.S, Japan, and Europe.
B. the U.S., Japan, and Europe are all experiencing deflation.
C. the deflation of the early 2000s has been reversed.
D. policymakers in the U.S., Japan, and Europe are working hard to avoid deflation.
Answer: D
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Some economists and policymakers who are in favor of government-provided health care believe that providing health care will
A) create negative externalities. B) generate more adverse selection. C) reduce asymmetric information. D) generate additional moral hazard.
Proprietorships are
A) the most common form of business organization in the country. B) responsible for most of the profits in the country. C) generally large relative to other business organizations. D) easy to form but difficult to dissolve.
In the long run, all inputs are variable
a. True b. False
If the Fed sells securities on the open market, this will
A. reduce banks' excess reserves. B. increase banks' excess reserves. C. leave banks' excess reserves unchanged. D. lower the reserve requirement.