According to classical economists, in recessions, the government should
A) stimulate the economy to increase demand.
B) actively use fiscal policy to combat the recession.
C) increase the minimum wage so that poor people will be able to afford necessities.
D) eliminate barriers to labor market adjustment, such as burdensome regulations on businesses.
D
Economics
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Three friends stay in an apartment. Their landlord offers to air-condition the apartment if they pay for the installation charges. Although they all want an air-conditioner, none of them say so. This is an example of the ________
A) free-rider problem B) paradox of thrift C) tragedy of commons D) paradox of plenty
Economics
An economics textbook is an example of:
a. capital. b. labor. c. a natural resource. d. entrepreneurship.
Economics