Mankiw's rules | Mixed deck

Question 1

10. Society Faces a Short-Run Tradeoff Between Inflation and Unemployment

Answer 1

9. Prices Rise When the Government Prints Too Much Money

Question 2

9. Prices Rise When the Government Prints Too Much Money

Answer 2

8. The standard of living depends upon country’s production

Question 3

8. The standard of living depends upon country’s production

Answer 3

7. The government can sometimes improve economic outcomes

Question 4

7. The government can sometimes improves economic outcomes

Answer 4

6. Markets Are Usually a Good Way to Organize Economic Activity

Question 5

6. Markets Are Usually a Good Way to Organize Economic Activity

Answer 5

5. Trade Can Make Everyone Better Off

Question 6

5. Trade Can Make Everyone Better Off

Answer 6

4.People Respond to Incentives

Question 7

4. People Respond to Incentives

Answer 7

3. Rational People Think at the Margin

Question 8

3. Rational People Think at the Margin

Answer 8

2. The Cost of Something is What You Give Up to Get It

Question 9

2. The Cost of Something is What You Give Up to Get It

Answer 9

1. People face Tradeoffs