Multiple Choice
In his book The Road to Serfdom, Friedrich Hayek argued that the growth of government
A) was essential if the ups and downs of the business cycle were going to be controlled.
B) must be increased if western democracies were going to survive.
C) could only be achieved if monetary policy-makers were willing to expand the supply of money more rapidly.
D) endangered freedom and moved Western democracies toward tyranny, just as it had done in Nazi Germany and the Soviet Union.
Correct Answer:

Verified
Correct Answer:
Verified
Q167: In a market economy, which of the
Q168: Which of the following is the most
Q169: Use the figure below to answer the
Q170: Lowincomesville is a poor town. The mayor
Q171: Figure 4-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-1
Q173: The actual burden of a tax is
Q174: A progressive tax is defined as a
Q175: Figure 4-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-23
Q176: Other things constant, a decrease in the
Q177: When government imposes price controls in a