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Question
Most economists agree with which of the following?
A) Active policymaking is likely to exert sizable long -run effects on real GDP.
B) Active policymaking is unlikely to exert sizable long-run effects on real GDP.
C) Passive policymaking is likely to exert sizable long -run effects on real GDP.
D) none of the above
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Refer to the above figure. Other things being equal, when the government imposes a price floor at P2, then we would expectA) the quantity demanded is Q 2.B) a surplus will occur.C) price to decline until an equilibrium is achieved at P0.D) consumers to bid against each other for goods and force the price even higher.
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Markets tend to underallocate resources to the production of a good whenA) there are negative externalities. B) there are positive externalities. C) there are public goods produced. D) equilibrium occurs.
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Q:
Which of the following statements is FALSE?
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D) Rent controls are examples of price floors.
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