"Politics is too often the thing that gets in the way of good economic policy being implemented." The economist who said this most likely
A) believes that fiscal policy is preferable to monetary policy when it comes to stabilizing the economy.
B) prefers discretionary monetary policy to rule-based monetary policy.
C) believes that there will be a lot of crowding out if government spending is increased.
D) prefers rule-based monetary policy to discretionary monetary policy.
D
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If there is a fall in the interest rate, _____.
(A) Businesses will be more likely to expand their facilities. (B) The unemployment rate will most likely rise. (C) Consumers will be less likely to buy more expensive items. (D) There will be a downturn in the economy.
With economies of scale came
A) larger families. B) simpler business forms. C) the need for management structures beyond what a family could offer. D) fewer economies of scope.