The great failure of activist fiscal policy in the 1960s was its
A) timidity in the face of persistent stagnation.
B) over-reliance on tax cuts to the exclusion of government spending programs.
C) delay in reversing course as the economy became overstimulated.
D) limited role as an accommodator of an activist monetary policy.
C
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Which of the following is true?
a. Due to anti-employment discrimination legislation that was passed in the early 1960s, there was a large increase in the earnings of women relative to men in the 1960s and 1970s. b. The female/male earnings ratio for full-time workers rose substantially between 1980 and 2010. c. The number of women preparing for careers as professionals has declined during the last two decades. d. In 2010, only about 42 percent of those completing college degrees were women.
Currently you purchase 6 packages of hot dogs a month. You will graduate from college in December and you will start a new job in January. You have no plans to purchase hot dogs in January. For you, hot dogs are
a. a substitute good.
b. a normal good.
c. an inferior good.
d. a law-of-demand good.