The public interest theory of government regulation is optimistic
Indicate whether the statement is true or false
T The public interest theory of government regulation assumes government officials will pursue and serve the public good, whereas they may pursue their own private goals that differ from public goals.
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Answer the following statement(s) true (T) or false (F)
1.If the Fed pursues a expansionary monetary policy on the open market, then U.S. exports will most likely decrease. 2.With the velocity of money, V represents the average number of times that each dollar is used in purchasing final goods or services in a one-year period. 3.According to the equation of exchange, the value of goods purchased is more than the value of goods sold. 4.The quantity theory of money and prices is the hypothesis that changes in the money supply lead to equal proportional changes in the price level. 5.The time lag is typically longer for adopting monetary policy changes than fiscal policy changes.
If the economy produces 27 consumer goods and 12 capital goods, the economy would be producing __________________ (outside/on/inside) the production possibilities curve.
