Stagflation is characterized by an...
What will be an ideal response?
increase in the unemployment rate and an increase in the price level
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In the schematic theory of economic policy, consumer optimism is considered
A) a policy instrument. B) an exogenous nonpolicy variable. C) a structural relation. D) a target variable. E) an irrelevant side effect.
If a government wishes to reduce uncertainty with respect to its exchange rate, it can
a. establish fixed exchange rates b. establish floating exchange rates c. equilibrium exchange rates d. establish uniform exchange rates e. practice arbitrage
Oligopoly arises with scale economies that are not large enough to cause a natural monopoly.
Answer the following statement true (T) or false (F)
Dynamic tax analysis assumes
A) all of the present tax rates will be in place for a minimum of twenty years. B) changes in the tax rates have no effect on the tax base. C) changes in the tax rates have no effect on tax revenue. D) changes in the tax rates will change the tax base.