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.
You might also like to view...
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= 
+
+
+
data-wiris-created="true" src="@@PLUGINFILE@@/ppg__cognero__Ch_11_Further_Issues_in_Using_OLS_with_Time_Sries_Data__media__182818c4-d02e-429a-b2b3-cdce7c1afa0f.PNG" style="vertical-align:middle;" /> + utis a dynamically complete model? A. E(yt| xt,yt -1, xt -1) = E(yt| xt,yt -1, xt -1,……) B. E(yt| xt,yt -1, xt -1) = 0 C. E(yt| xt,yt -1, xt -1) = E(yt -1) + E(xt) + E(xt -1) D. E(yt| xt,yt -1, xt -1) = E(yt)
M1 money includes all but which one of the following?
A. checkable deposits B. savings accounts C. paper money D. coins