Persons who argue against the deliberate use of fiscal and monetary policies to smooth out the business cycle are referred to as
A) nonactivists.
B) fine-tuners.
C) activists.
D) b and c
E) none of the above
A
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Based on the table and information in the previous question, which of the following is TRUE?
A) George prefers to make $15,000 with certainty than make the investment. B) George prefers making the investment than to make $15,000 with certainty. C) George is indifferent between making $15,000 with certainty and making the investment. D) As the investment has risk George should not make it under any circumstances.
Proponents of the new growth theory argue that which of the following is a determinant of economic growth?
A) An effective system of patent protection B) The quality and size of the nation's educational system C) The proportion of income that goes into research and development D) All of the above