President Reagan often stated he preferred supply side policies. Which of the following federal government policies would be considered supply side?
i. decrease the quantity of money
ii. lower taxes
iii. lower the interest rate
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
B
You might also like to view...
The free rider problem is the main source of market failure in the provision of nonexcludable public goods.
Answer the following statement true (T) or false (F)
Refer to Table 8.1. Assume that the relevant time period is the short run. Assuming the price of labor (L) is $5 per unit and the price of capital (K) is $10 per unit, this firm's total cost of producing one unit of output is A) $100. B) \$120. C) $220. D) indeterminate from this information.
The demand for video recorders has been estimated to be linear and given by the demand relation Qv = 145 ? 3.2Pv + 7M ? 0.95Pf ? 39Pm, where Qv is the quantity of video recorders, Pf denotes the price of video recorder film, Pm is the price of attending a movie, Pv is the price of video recorders, and M is income. Based on the estimated demand equation we can conclude:
A. video recorders are normal goods and the demand for video recorders is inelastic. B. video recorders are normal goods and video recorder film is a complement for video recorders. C. the demand for video recorders is inelastic. D. video recorders are normal goods.
Artificial intelligence (AI) technologies
A. produce large volumes of data that make decision making more complicated. B. can enable individuals to make more informed decisions. C. often reveal economic relationships that do not actually exist. D. free businesses, governments, and consumers from making decisions.