Which of the following is an example of a negative network externality?
A. Playing terrible music very loudly in your dorm room
B. Using a social media site like Facebook
C. Driving on a crowded highway during rush hour
D. Planting pretty flowers in front of one's house
Answer: C
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As a percentage of GDP, all of the following federal government expenditures are expected to increase from 2012 to 2042 except
A) Social Security. B) Medicare and Medicaid. C) the net interest on the federal debt. D) national defense.
The choice between hawk and dove positions depends on
a. the extent of cyclical unemployment at the time of the decision b. relative importance of short-run and long-run monetary considerations c. cooperation between Congress and the monetary authorities d. the frequency of negative supply shocks e. the Fed's relative concern for price and employment stability