The phrase used by Walter Heller to refer to the government's role in regulating inflation and unemployment is
A. stagflation.
B. fine-tuning.
C. market clearing.
D. price adaptation.
Answer: B
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With respect to economic freedom, which of the following is TRUE?
A) Three out of four people live in nations with governments that grant residents high degrees of economic freedom. B) About three dozen nations with governments unwilling to grant much in the way of economic freedom are home to two-thirds of the world's population. Even so, these countries produce over 50 percent of the world's output. C) Where governments do not grant residents a high degree of economic freedom, economic growth rates tend to be above the annual average for the world's nations. D) As economic freedom increases, so does a nation's prospects for economic growth.
How many Federal Reserve districts are there?
A) 1 B) 2 C) 12 D) 50
In economics, which of the following is considered as financial capital?
a. Offices and warehouses b. Stocks and bonds c. Machinery d. Factories e. Equipment
Which of the following is an accurate statement for a constant-cost industry?
a. The price of inputs often increases as outputs expands. b. The price of inputs often drops as outputs expands. c. Market input prices are often sensitive to the demands of individual firms. d. The input demands of an individual firm often do not affect the market input prices.