Economics 12E - Arnold - TB_180

Economics 12E - Arnold - TB_180 - NATIONAL STANDARDS United...

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NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Understanding and applying - DISC: Understanding and applying economic models KEYWORDS: Bloom's: Comprehension 111. Which of the following statements is false ? a. The classical economists believed that government should manage the economy. b. The classical economists believed in a policy of laissez-faire . c. The classical economists believed that the economy was self-regulating. d. The classical economists believed equilibrium output would be full-employment output. ANSWER: a POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Understanding and applying - DISC: Understanding and applying economic models KEYWORDS: Bloom's: Knowledge 112. According to classical economists, if interest rates are flexible, POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Understanding and applying - DISC: Understanding and applying economic models KEYWORDS: Bloom's: Comprehension
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