The Council of Economic Advisers consists of thirty members and a staff of several dozen economists
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following are TRUE regarding "positive" statements? I. They describe what "ought to be." II. They describe what is believed about how the world appears. III. They can be tested as to their accuracy
A) I and II B) II and III C) I and III D) I, II and III
Keynes mentioned two factors that influenced planned investment spending
A) interest rates and disposable income. B) interest rates and business expectations about the future. C) disposable income and business expectations about the future. D) interest rates and business expectations about inflation.
Measures of income before intervention are calculated on an annual rather than a lifetime basis.
A. True B. False C. Uncertain
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering a cheap engagement ring to your bride d. Visiting the beauty salon before a big date