Which of the following statements is not correct?
a. Libertarians are opposed to redistributing income.
b. Critics of the welfare system argue that it breaks up families.
c. One of the problems with measuring income inequality is valuing in-kind transfers.
d. Utilitarians believe that the government should punish crimes but should not redistribute income.
d
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The unemployment rate in Utopia rose to 12% when the country was passing through a recession. How will the labor market in Utopia be affected if an expansionary monetary policy triggers an inflation in the economy?
What will be an ideal response?
Everything else held constant, if aggregate output is to the ________ of the LM curve, then there is an excess supply of money which will cause the interest rate to ________
A) right; fall B) right; rise C) left; fall D) left; rise