Which of the following is one source of disagreement between economists?
a. Some facts about the economy are unknown.
b. Economists differ in their political persuasions.
c. Economic theory may not always give an unambiguous answer to a question.
d. Solving one problem may make another problem worse.
e. All of the above are correct.
e
You might also like to view...
The above (incomplete) table provides information about the relationships between output and various cost measures. The total cost (TC) of producing 9 units of output is
A) $180. B) $190. C) $20. D) None of the above answers is correct.
In the traditional Keynesian model, if the government cuts current taxes
A) the C + I + G + X line will shift down but the aggregate demand curve will not shift. B) the C + I + G + X line will shift down and the aggregate demand curve will shift to the left. C) the C + I + G + X line will shift up and the aggregate demand curve will shift to the right. D) the C + I + G + X line will shift up but the aggregate demand curve will not shift.