In the period 1960–95, the federal government (a) played, in general, a much larger role in the economy during this period than prior to World War II. (b) played a small role in the economy, similar to the 1920s. (c) eliminated most of the major programs for the federal government that were established by the […]
Date: September 10th, 2020
In order to explain the relative sizes of families in urban versus rural environments, some economists viewed children as investment or durable consumptions goods, respectively. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Assuming perfect capital mobility and flexible exchange rates, then a. monetary policy is ineffective while fiscal policy is highly effective. b. fiscal policy is completely ineffective while monetary policy is highly effective. c. both monetary policy and fiscal policy are effective. d. monetary policy is less effective than fiscal policy. ANSWER B
Date: September 10th, 2020
The “A” in the neoclassical production function incorporates a. new inventions. b. changes in efficiency. c. more productive capital. d. more efficient labor organization. e. all of the above. ANSWER E
Date: September 10th, 2020
According to published data pertaining to unemployment rates in selected European countries, the natural rate of unemployment a. has been rising over the past three decades. b. declined sharply over the last three decades. c. has been lower than in the U.S. in the 1990s. d. has not changed much over the past three decades. […]
Date: September 10th, 2020
In the period 1960–95, the cycles of upturns and downturns in the economy (booms and recessions) (a) were eliminated as knowledge of how the economy operated grew. (b) continued to occur, although not nearly as severely as prior to World War II. (c) grew even worse than prior to World War II. (d) were equally […]
Date: September 10th, 2020
Field (2003) claims that the period from 1929 to 1941 was the strongest period of what in U.S. history? (a) Technological advancements (b) Monetary policy (c) Government action (d) Internationalization ANSWER (a)
Date: September 10th, 2020
Rural families were larger in size, on average, than urban families during the antebellum period. Some argue that the relatively high rate of return on a child born on a farm partly explains why. Children born on farms could be considered investments goods—”goods” used to produce something else. Indicate whether the statement is true or […]
Date: September 10th, 2020
In the Mundell-Fleming model with perfect capital mobility, the domestic interest rates are determined by a. monetary policy. b. the IS and LM curves. c. domestic savings and investment. d. budget deficits. e. none of the above. ANSWER E
Date: September 10th, 2020
Endogenous growth models a. predict absolute convergence. b. predict conditional convergence. c. do not predict convergence. d. predict convergence among rich countries but not poor countries. ANSWER C
Date: September 10th, 2020
