If the market mechanism causes the economy to arrive at the wrong mix of output, there is:
A.) Market failure.
B.) Mixed economy failure.
C.) Government failure.
D.) Laissez faire.
A.) Market failure.
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RBC theory leads to ________ government macro-stabilization policy, due to the theory's assumption of ________
A) a rationale for, slow wage and price adjustment B) a rationale for, continuous market-clearing C) a rejection of, slow wage and price adjustment D) a rejection of, continuous market-clearing
When the interest rate is above equilibrium, there is excess _____ of money. Households will _____ interest-earning assets, which _____ the interest rate
Fill in the blank(s) with correct word
Which of the following is true if yt= +
+
+
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M1 money includes all but which one of the following?
A. checkable deposits B. savings accounts C. paper money D. coins