All of the following except ____ are shortcomings of cost-benefit analysis
a. difficulty in measuring third-party costs
b. difficulty in measuring third-party benefits
c. failure to consider the time value of benefits and costs
d. difficulty of accounting for program interactions
e. a and b
c
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To shift the RS curve rightward as illustrated, the Fed has ________ government securities in the open market. The Fed will undertake this type of policy if it is concerned about ________
A) sold; recession B) sold; inflation C) bought; recession D) bought; inflation E) None of the above answers is correct.
Which of the following is a Nobel Prize winning economist who argued that theories should be tested based on the validity of their predictions?
A) Milton Friedman. B) Ben Bernanke. C) Alan Greenspan. D) Larry Summers.
In response to an unanticipated easing of monetary policy, the price level ________ at first, then ________ after a year
A) rises; returns most of the way to its original value B) falls; returns most of the way to its original value C) remains roughly unchanged; begins to rise D) remains roughly unchanged; begins to fall
Regarding sexual harassment which of the following is NOT true
a. offenders can be same or opposite sex b. victims do not have to be harassed personally but affected through environment c. harasser must be superior employee d. harassment may occur without economic injury