Based on most observations, what are the effects on government budgets from the national health care program?
A) Tax revenues will not flow into the new program immediately.
B) The federal government ultimately will have to search for ways to reduce its health care expenditures.
C) Federal government expenditures on the program are being phased in immediately.
D) the federal government ultimately will lower taxes since the program's cost will decline over time.
B
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Attempts to use activist policies to stabilize the economy can be counter-productive: a. If policy makers do not correctly estimate the natural rate of real output. b. If policy makers misestimate the lags involved in the process
c. If policy makers forecast inaccurately. d. In all of the above cases.
Monetarists believe that:
A. prices and wages are inflexible or sticky. B. both product and resource markets are monopolistic. C. velocity is relatively stable. D. the economy is more stable when active fiscal and monetary policy are used.