What moderates the downturn when the economy heads into recession or moderates the recovery when the economy heads into prosperity?
a. tax transfers
b. inventory investment
c. the accelerator
d. real depreciation
e. automatic stabilizers
E
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Which of the following cities does not have a Federal Reserve Bank?
a. Dallas b. Kansas City c. Los Angeles d. Cleveland e. Miami
If the government ________ taxes to pay for spending on infrastructure, the result will most likely be a(n) ________ in capital deepening
A) decreases; increase B) increases; increase C) increases; decrease D) eliminates; elimination
A country has a (an) __________ in the production of a good it produces at lower opportunity cost than another country
A) absolute advantage B) specialization disadvantage C) tariff-efficient advantage D) infant-industry advantage E) none of the above
According to the IGM poll, most economists think that the benefits of ARRA exceeded the costs
a. True b. False Indicate whether the statement is true or false