The two basic reasons why economists often appear to give conflicting advice to policymakers are differences in
a. opinions and education.
b. opinions and values.
c. scientific judgments and education.
d. scientific judgments and values.
d
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The output of U.S. citizens who work in Canada would be included in the
A) gross domestic product of the United States. B) gross domestic product of Canada. C) gross national product of Canada. D) gross national product of Canada and the gross national product of the United States.
Which of the following increases inflation and reduces unemployment in the short run?
a. either an increase in government expenditures by itself or an increase in the money supply growth rate by itself b. an increase in government expenditures, but not an increase in the money supply growth rate c. an increase in the money supply growth rate, but not an increase in government expenditures d. neither an increase in government expenditures nor an increase in the money supply