Which of the following statements is true?
a. A political business cycle is one created by the incentive for politicians to manipulate the economy to get re-elected.
b. Adaptive expectations theory argues that the best indicator of the future is recent information.
c. Incomes policies tend to be ineffective over time.
d. Incomes policies include jawboning, wage-price guidelines, and wage-price controls.
e. All of these.
e
Economics
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The deposit multiplier is the inverse of
A) legal reserves. B) excess reserves. C) checkable deposits. D) the required reserve ratio.
Economics
A payment to the government on the production or sale of a good:
a. subsidy b. supply schedule c. law of supply d. elasticity of supply e. excise tax
Economics