The economic theory of government predicts elected officials at the federal level will have incentives to act in ways that
A) cause inflation.
B) increase uncertainty and the instability of total demand.
C) secure short-term economic gains with deferred costs.
D) result in all of the above.
E) result in none of the above because they will usually want to be reelected.
D
Economics
You might also like to view...
When an independent relationship is graphed, the resulting line or curve is: a. upward-sloping
b. downward-sloping. c. vertical. d. horizontal.
Economics
An individual would suffer higher losses from an unexpectedly higher inflation rate if
a. she held much currency and owned few bonds. b. she held much currency and owned many bonds. c. she held little currency and owned few bonds. d. she held little currency and owned many bonds.
Economics