The 2006-2008 period can be accurately described as a time of stagflation
a. True
b. False
Indicate whether the statement is true or false
False
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Equilibrium in the market for special interest benefits is determined where _____
a. the marginal cost of lobbying politicians is equal to the marginal benefits received from government b. the marginal political opposition is equal to the marginal political support c. the marginal price of a vote for a program is equal to the marginal benefit of that additional vote d. the marginal price of regulation is equal to the marginal benefit from that regulation
You observe that when stock prices rise, interest rates soon fall, and therefore conclude that higher stock prices lead to lower interest rates. This would be an example of:
A. The fallacy of composition B. Tradeoff among economic goals C. The post hoc fallacy D. The use of loaded terminology