Describes the concept of laissez-faire

Assignment Help Business Economics

Reference no: EM13815103

Which of the following best describes the concept of laissez-faire?

a. Government should not intervene in the economy.

b. Government should actively intervene in the economy whenever it judges the action to be beneficial.

c. Government should intervene in the economy only to promote short-term economic stability.

d. Government should intervene in the economy only to maximize long-term growth rates.

e. Government should intervene in the economy only when the economy is not at full employment or there is substantial inflation.

Reference no: EM13815103

Questions Cloud

The response of investment to fiscal policy : Using the IS-LM diagram, show the effects on output and the interest rate of a decrease in government spending. Can you tell whay happens to investment? Why? Derive the IS relation. If a firm is considering using its own funds (rather than borrowing)..

Describe four functions of spirituals slave songs for slaves : Describe four functions of spirituals/slave songs for slaves. What is "communitas?" Where does one find it? Describe, with detail, one example of communitas from your reading.

During the great depression-the federal reserve board : During the Great Depression, the Federal Reserve Board

About the the discount rate : Which of the following is true of the discount rate?

Describes the concept of laissez-faire : Which of the following best describes the concept of laissez-faire?

The natural rate of unemployment : The natural rate of unemployment is

Describe the difference between nominal and real gdp : Discuss the nature and function of a price index, and describe the difference between nominal and real GDP, Assume that nominal GDP for 2012 was $700B with a price index of 110 (using 2004 as the base year). What is the real GDP for 2012? Why do econ..

Estimate the population mean of marks : Assume that student marks are normally distributed. A random sample of 25 students' marks yield a sample mean of 70 and a sample standard deviation of 10. Estimate the population mean of marks with 95% confidence.

A monopolist may lose money in the short-run : If the price were $25, this firm would _______ in the short run and _______ in the long run. In the United States, natural monopolies. If a monopoly firm can sell its eighth unit of output for a price of $175, it may expect to receive a price _______..

User Account

All Pages