Which of the following statements about the Humphrey-Hawkins Act of 1978 is not true?
a. It is based on neo-Keynesian ideas concerning inflation and employment.
b. Its central idea can be depicted in a Phillips curve.
c. It views 4 percent as an acceptable and reasonable unemployment rate target.
d. It views 7 percent as an acceptable and reasonable inflation rate target.
e. It is related to ideas associated with the natural rate of unemployment.
D
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If the government wishes to promote a higher rate of growth of real GDP, a supply-side economist would argue the appropriate policy is
A) engaging in expansionary fiscal policy by lowering marginal tax rates. B) engaging in expansionary fiscal policy of increasing government spending. C) lowering marginal tax rates on people and raising them on corporations. D) leaving the economy alone and letting the natural forces bring it into a long-run equilibrium.
Communities may form competitive markets for providing certain types of non-pure public goods. ?
Answer the following statement true (T) or false (F)