Contractionary fiscal policy may have some undesirable consequences. Among these is
a. higher unemployment.
b. higher inflation.
c. higher net exports.
d. larger federal deficits.
a
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A rent ceiling is
A) fair, because it helps all renters. B) fair, because it insures that low-income families can rent apartments. C) fair, because it helps all landlords. D) unfair. E) fair, because it helps more renters than it harms.
Suppose a blackjack gambler approaches an insurance company and seeks to purchase an insurance policy that his next trip to Reno, NV will not net $10,000. The insurance company
A) will sell her an insurance policy because the proposal entails uncertainty not risk. B) will sell her an insurance policy because the proposal entails risk not uncertainty. C) will not sell her an insurance policy because the proposal entails uncertainty not risk. D) will not sell her an insurance policy because the proposal entails risk not uncertainty.
Which of the following is true?
a. Uncertainty accompanies investment decisions. b. At any given time, there are a virtually infinite number of potential investment projects that might be undertaken by investors. c. In order to be successful, entrepreneurs must be good at recognizing and undertaking economically beneficial projects. d. All of the above are correct.
Most demand curves are relatively elastic in the upper-left portion because the original price
What will be an ideal response?