According to economist Milton Friedman, a major reason for macroeconomic instability is due to:
A. Tax changes by the Federal government
B. Spending reductions by the Federal government
C. The discretionary monetary policy of the Federal Reserve
D. The issuance of bonds by the U.S. Treasury Department
C. The discretionary monetary policy of the Federal Reserve
Economics
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In building a model the assumption that allows economists to study only the factors being analyzed is the
A) rationality assumption. B) ceteris paribus assumption. C) the self-interest assumption. D) the scarcity assumption.
Economics
When a resource is an open-access resource,
a. each individual in the society owns it b. the group owns it c. no one owns it d. the government owns it e. some nonprofit agency owns it
Economics