Question 1Lowering tax rates was the main priority of the:A. classicals.B. Keynesians.C. monetarists.D. supply-siders.Question 2Which of the following theories of expectations holds that individuals use all information available in forming expectations?A. Rational expectations theoryB. Certainty equivalent theoryC. Expected value analysisD. Adaptive expectations theoryQuestion 3Which of the following would be most likely to suggest reducing the money supply as a way to end a prolonged inflation?A. MonetaristB. KeynesianC. Economic behavioristsD. Classical economistQuestion 4The only school of economics that could be construed as advocating big government are the:A. classicals.B. Keynesians.C. monetarists.D. supply-siders.
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