The costs of inflation have been most apparent in the post-war period in countries like
A) Argentina.
B) Belgium.
C) the United States.
D) Canada.
E) Japan.
A
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A central tenet of the position against policy activism is that
A) consumption spending is highly unstable. B) consumption spending is highly stable. C) aggregate policies have little effect on consumption. D) instability in private consumption will always be offset by variations in other elements of private spending.
Static tax analysis assumes that
A) an increase in a tax rate may lead to a decrease in the tax base. B) an increase in a tax rate will lead to an increase in the tax base. C) an increase in a tax rate will leave the tax base unchanged. D) the tax base will always remain unchanged.
The trade-off between risk and expected value is exactly the kind of choice you have to make whenever you think about investing money in:
A. stocks. B. retirement funds. C. bonds. D. One needs to think about the trade-off to invest in all these things.
The accelerator is an integral part of
a. externally generated cycles b. the war-induced cycle c. the housing cycle d. the innovation cycle e. internally generated cycles