The Phillips curve
a. was a single curve and relatively well-defined for the 1960s
b. demonstrates how to achieve stable economic growth
c. shows the trade-off between deficits and inflation
d. relates the interest rate to investment
e. becomes vertical at full employment
A
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Explain and give some examples of governmental policy problems
What will be an ideal response?
An example of a renewable resource would be:
A. oxygen. B. trees. C. fish in the ocean. D. All of these are examples of renewable resources.
The concept that a student is enjoying the benefits of police protection even though she does pays taxes is called
A. the principle of anti-trust. B. the free-rider problem. C. the negative externality principle. D. the principle of rival consumption.
When a German company purchases a U.S. company for $20 million, in the balance of payments the value of that transaction is recorded in the
A) current account. B) investment account. C) official purchases account. D) capital and financial account. E) purchase account.