Question 1

Government failure can occur if policymakers make "honest mistakes."

Accepted Answer

A) True 
 B)False

Question 2

According to the paradox of thrift, when everyone saves more,

Accepted Answer

A)  businesses raise prices. 
B)  banks raise interest rates. 
C)  government spend more. 
D)  businesses lay off workers. 
E)  households spend more. 
A)  businesses raise prices. 
B)  banks raise interest rates. 
C)  government spend more. 
D)  businesses lay off workers. 
E)  households spend more.

Question 3

Speculative bubbles that helped trigger the Great Depression and the Global Financial Crisis involve

Accepted Answer

A)  money. 
B)  banks. 
C)  expectations. 
D)  all of the above. 
E)  none of the above. 
A)  money. 
B)  banks. 
C)  expectations. 
D)  all of the above. 
E)  none of the above.

Question 4

The hands-off camp generally believes that

Accepted Answer

A)  government is part of the solution. 
B)  socialism is better than capitalism. 
C)  markets fail to quickly self-adjust. 
D)  supply creates its own demand. 
E)  macroeconomic and microeconomic outcomes are different. 
A)  government is part of the solution. 
B)  socialism is better than capitalism. 
C)  markets fail to quickly self-adjust. 
D)  supply creates its own demand. 
E)  macroeconomic and microeconomic outcomes are different.

Question 5

J.M. Keynes wrote his book after the Great Depression started.

Accepted Answer

A) True 
 B)False

Government failure can occur if policymakers make "honest mistakes."

According to the paradox of thrift, when everyone saves more,

Speculative bubbles that helped trigger the Great Depression and the Global Financial Crisis involve

The hands-off camp generally believes that

J.M. Keynes wrote his book after the Great Depression started.

Whats in Economics for You Scarcity, Opportunity Cost, Trade, and Models

Making Smart Choices: the Law of Demand

Show Me the Money: the Law of Supply

Coordinating Smart Choices: Demand and Supply

Up Around the Circular Flow: Gdp, Economic Growth, and Business Cycles

Costs of Not Working and Living: Unemployment and Inflation

Skating to Where the Puck Is Going: Aggregate Supply and Aggregate Demand

Money Is for Lunatics: Demanders and Suppliers of Money

Trading Dollars for Dollars Exchange Rates and Payments With the Rest of the World

Steering Blindly Monetary Policy and the Bank of Canada

Spending Others Money: Fiscal Policy, Deficits, and National Debt

Are Sweatshops All Bad Globalization and Trade Policy

Filters

Exam 5: Are Your Smart Choices Smart for All Macroeconomics and Microeconomics

Government failure can occur if policymakers make "honest mistakes."

According to the paradox of thrift, when everyone saves more,

Speculative bubbles that helped trigger the Great Depression and the Global Financial Crisis involve

The hands-off camp generally believes that

J.M. Keynes wrote his book after the Great Depression started.

Whats in Economics for You Scarcity, Opportunity Cost, Trade, and Models

Making Smart Choices: the Law of Demand

Show Me the Money: the Law of Supply

Coordinating Smart Choices: Demand and Supply

Up Around the Circular Flow: Gdp, Economic Growth, and Business Cycles

Costs of Not Working and Living: Unemployment and Inflation

Skating to Where the Puck Is Going: Aggregate Supply and Aggregate Demand

Money Is for Lunatics: Demanders and Suppliers of Money

Trading Dollars for Dollars Exchange Rates and Payments With the Rest of the World

Steering Blindly Monetary Policy and the Bank of Canada

Spending Others Money: Fiscal Policy, Deficits, and National Debt

Are Sweatshops All Bad Globalization and Trade Policy

Filters