Most economists agree with which of the following?
A) Passive policymaking is likely to exert sizable long-run effects on real GDP.
B) Active policymaking is likely to exert sizable long-run effects on real GDP.
C) Active policymaking is unlikely to exert sizable long-run effects on real GDP.
D) none of the above
C
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Homer changes jobs and his new job pays him a higher income. Before he changed jobs, Homer purchased 3 pounds of tuna and 2 pounds of chicken. After he changed jobs, Homer now purchases 2 pounds of tuna and 3 pounds of chicken. For Homer
A) tuna is a normal good and chicken is an inferior good. B) tuna is an inferior good and chicken is a normal good. C) both tuna and chicken are normal goods. D) both tuna and chicken are inferior goods.
The ability to share work and share risk is an advantage for
A) partnerships. B) sole proprietorships and partnerships. C) sole proprietorships. D) sole proprietorships and corporations