Which hypothesis says tax cuts may not raise demand if people expect future taxes?
Answer
Ricardian equivalence
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Which hypothesis says tax cuts may not raise demand if people expect future taxes?
Answer
Ricardian equivalence
Which model extends IS-LM analysis to an open economy?
Answer
Mundell-Fleming model
Which model summarizes goods and money market equilibrium with two intersecting curves?
Answer
IS-LM model
Which curve shows an inverse relationship between unemployment and wage inflation?
Answer
Phillips curve
Which curve proposes that inequality first rises and then falls as income grows?
Answer
Kuznets curve
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Latest trivia questions
Which model extends IS-LM analysis to an open economy?
Answer
Mundell-Fleming model
Which curve shows an inverse relationship between unemployment and wage inflation?
Answer
Phillips curve
Which curve proposes that inequality first rises and then falls as income grows?
Answer
Kuznets curve
Which economist is associated with the theory of creative destruction?
Answer
Joseph Schumpeter
Which 1899 book introduced the term conspicuous consumption?
Answer
The Theory of the Leisure Class
Which economist introduced the idea of comparative advantage in an 1817 book?
Answer
David Ricardo
Which theory argues that economic crises arise from class conflict and capital accumulation?
Answer
Marxian economics
Which economist is most associated with monetarism?
Answer
Milton Friedman
Which economic theory links money supply growth to inflation in the long run?
Answer
Quantity theory of money
Which school of thought argued that land was the source of all wealth?
Answer
Physiocracy