Non-activists
A) distrust the ability of the political process to formulate sensible economic policy.
B) argue for a constant-growth-rate rule for the money supply.
C) argue that more unemployment now may prevent a lot more unemployment in the future.
D) All of the above.
D
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A private subsidy has what effect on the amount of a good or service produced? Is a private subsidy an appropriate policy to offset the inefficiency from an external cost or an external benefit?
What will be an ideal response?
Goods market equilibrium in the open economy occurs when
A) desired saving equals desired investment. B) output equals desired consumption plus desired investment plus government spending. C) desired consumption equals desired investment. D) desired saving minus desired investment equals net exports.