Advocates of a passive policy approach argue that an active stabilization policy imposes troubling fluctuations in the price level and real GDP because it often takes a hold only after market forces have already returned the economy to its potential output level
Indicate whether the statement is true or false
true
Economics
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Failing to be fully informed may be efficient if information
A) is free. B) is scarce. C) is subject to increasing returns. D) has no opportunity cost of production.
Economics
Paper currency is a
A) fiat money. B) barter money. C) commodity money. D) bond.
Economics
The essential-industry argument holds that industries with potential export capabilities should be protected.
a. true b. false
Economics
A firm that produces the entire market supply of a certain good or service is known as:
A.) A competitive firm. B.) An oligopoly. C.) A monopsony. D.) A monopoly.
Economics