Multiple Choice
The hands-off camp generally believes that
A) market failure is worse than government failure.
B) markets fail to quickly self-adjust.
C) external events are major causes of business cycles.
D) macroeconomic and microeconomic outcomes are different.
E) demand creates its own supply.
Correct Answer:
Verified
Correct Answer:
Verified
Q107: In the circular flow of economic life,
Q108: Higher GDP per person allows higher living
Q109: Macroeconomics is about the combined outcome of
Q110: Gross domestic product is the value of
Q111: The hands-off camp believes that business cycles
Q113: Monetary policy includes changes in<br>A) interest rates.<br>B)
Q114: In the circular flow of economic life,
Q115: In the circular flow of economic life,
Q116: Monetary policy involves changes in interest rates
Q117: Price stability is not a desirable macroeconomic