Some suggest that when economists claim to be thinking ________, they are ________.
A. positively; deluding themselves
B. negatively; deluding themselves
C. normatively; really thinking positively
D. normatively; deluding themselves
Answer: A
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
The Fed's efforts to attain full employment are complicated by
a. the persistence of cyclical unemployment b. the instability of the inflation rate c. new legislation that attempts to avoid financial panics d. the difficulty of determining what normal unemployment means e. conflicting objectives among its member banks
Who is most likely to benefit when the dollar appreciates against the euro?
A. U.S. buyers of foreign goods B. U.S. buyers of U.S. goods C. Foreign buyers of U.S. goods D. Foreign buyers of foreign goods
The provision of the Patient Protection and Affordable Care Act (ACA) which states that every firm with more than 200 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan is the ________
provision. A) employer mandate B) state health insurance marketplaces C) individual mandate D) regulation of health insurance