The failure of the mercantilism policy and the tax policy during the Great Depression proves that economic policies are meaningless and they do more harm than good
a. True
b. False
Indicate whether the statement is true or false
False
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What are the conditions that characterize the sellers' side in a perfectly competitive market?
What will be an ideal response?
The table above gives some of the accounts of the United States in 2020
a) What is the private sector balance? b) What is the government sector balance? c) What is net exports?
Which of the following statements best describes the perspective of many mainstream economists?
a. Many mainstream economists take a Keynesian perspective, emphasizing the importance of aggregate demand, for the long run, and a neoclassical perspective, emphasizing the importance of aggregate supply, for the short run. b. Many mainstream economists take a Keynesian perspective, emphasizing the importance of aggregate demand, for the short run, and a neoclassical perspective, emphasizing the importance of aggregate supply, for the long run. c. Many mainstream economists take a neoclassical perspective, emphasizing the importance of aggregate demand, for both the short and long run. d. Many mainstream economists take a Keynesian perspective, emphasizing the importance of aggregate demand, for both the short and long run.
Which of the following would most likely cause an increase in the demand for oatmeal?
a. An increase in the price of eggs b. An increase in the price of orange juice c. A fall in the price of corn flakes d. A fall in the price of oatmeal e. An increase in the price of cigarettes