Q: Something is referred to as a “double-edged sword”
Something is referred to as a “double-edged sword” if it can have both favorable and unfavorable consequences. In what way might government bailouts of failing companies or financial institutions be a...
See AnswerQ: The shape of the aggregate supply curve matters to one’s view of
The shape of the aggregate supply curve matters to one’s view of the ability of government to change Real GDP by way of demand-side fiscal policy and monetary policy. Do you agree or disagree? Explain...
See AnswerQ: It has been suggested that non-activists are not concerned with
It has been suggested that non-activists are not concerned with the level of Real GDP and unemployment because most (if not all) non-activist monetary proposals set stabilization of the price level as...
See AnswerQ: Some observers maintain that not all politicians move toward the middle of
Some observers maintain that not all politicians move toward the middle of the political spectrum in order to obtain votes. They often cite Barry Goldwater in the 1964 presidential election and George...
See AnswerQ: Some individuals see national defense spending as benefiting special interests—in
Some individuals see national defense spending as benefiting special interests—in particular, the defense industry. Others see it as directly benefiting not only the defense industry but the general p...
See AnswerQ: Evaluate each of the following proposals for reform in terms of the
Evaluate each of the following proposals for reform in terms of the material discussed in this chapter: (a) Linking all spending programs to visible tax hikes (b) A balanced-budget amendment stipula...
See AnswerQ: “Rent seeking may be rational from the individual’s perspective, but
“Rent seeking may be rational from the individual’s perspective, but it is not rational from society’s perspective.” Do you agree or disagree? Explain your answer.
See AnswerQ: The economist James Buchanan said, “If men should cease and
The economist James Buchanan said, “If men should cease and desist from their talk about and their search for evil men and commence to look instead at the institutions manned by ordinary people, wide...
See AnswerQ: Would voters have a greater incentive to vote in an election involving
Would voters have a greater incentive to vote in an election involving only a few registered voters or in one that has many? Why? Why might a Republican label her opponent too far left and a Democrat...
See AnswerQ: Many individuals learn more about the car they are thinking of buying
Many individuals learn more about the car they are thinking of buying than about the candidates running for president of the United States. Explain why.
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