If inflation becomes a serious problem, a Monetarist-oriented President is likely to favor a policy emphasizing
A) slower monetary growth.
B) lower interest rates.
C) higher taxes.
D) wage and price controls.
A
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If Tom's total utility from watching one more minute of television increases but the increase for each additional minute is smaller than the previous minute, he has diminishing marginal utility
Indicate whether the statement is true or false
Positive externalities ______
a. are not important economically b. should be reduced through subsidiziation c. are undersupplied by unfettered markets d. can be ignored
Which of the following groups has the lowest malnutrition rate among children less than 5 years of age?
a. middle-income economies b. low-income economies c. high-income economies d. sub-Saharan African economies e. all the world's economies
As a result of the existence of automatic stabilizers
A. the government budget deficit will always increase during a period of economic recession. B. the economy will always tend to move toward a full-employment equilibrium. C. the government budget deficit will always increase during a period of economic expansion. D. the business cycle will no longer exist. E. None of the choices are correct.