The liquidity preference theory distinguishes between ________
A) nominal and real quantities
B) money and financial assets
C) buying goods and earning interest income
D) all of the above
E) none of the above
D
Economics
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The contributive standard (merit standard) for distributing income implies that
A) income should be distributed equally. B) income should be distributed according to need. C) income should be distributed according to the marginal productivity of workers. D) a transfer should be contributed to an individual above his or her contribution to net output.
Economics
The case for government stabilization policy is made more compelling if the
a. self-correcting mechanism works very slowly. b. self-correcting mechanism works too fast. c. value of the multiplier is very small. d. aggregate supply curve is very flat.
Economics