Multiple Choice
Changes in government spending are not likely causes of business cycles because government spending induced business cycles would,counterfactually predict
A) countercyclical consumption.
B) procyclical consumption.
C) countercyclical employment.
D) procyclical employment.
E) countercyclical real wages.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Changes in government spending are not likely
Q4: Immunization from communicable diseases generate<br>A) overproduction.<br>B) a
Q5: The production possibilities frontier in the one-period
Q6: In a one-period model,government is likely to
Q7: The marginal rate of transformation is<br>A) the
Q9: The Laffer Curve illustrates the relationship between<br>A)
Q10: In an economic model,an endogenous variable is<br>A)
Q11: In response to an increase in total
Q12: An example of a public good is<br>A)
Q13: An increase in total factor productivity<br>A) increases