The misperceptions theory was originally proposed by ________ and rigorously formulated by ________.
A. James Tobin; Greg Mankiw
B. Milton Friedman; Robert Lucas
C. Edward Prescott; Robert King
D. John Maynard Keynes; Robert Solow
Answer: B
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The provision of additional cash to the banking system is an example of ________ policy.
A. structural B. aggregation C. monetary D. fiscal
The price elasticity of demand for any particular perfectly competitive firm's output is
A) less than 1. B) 1. C) equal to zero. D) infinite.
What are the main characteristics of high-income and low-income households?
What will be an ideal response?
You are given the following budget data for a country that has both a central government and local governments
(a) How much is the deficit for the central government, the local government, and the total of the central and local governments? (b) How much is the primary deficit for the central government, the local government, and the total of the central and local governments?