Which of the following is not true?
A. George H.W. Bush won reelection after agreeing to a small tax increase as part of a political compromise.
B. George W. Bush won election after claiming tax cuts would pay for themselves.
C. Ronald Reagan claimed tax cuts would spur economic gains that would increase tax revenues before the tax cuts led to significantly lower revenues.
D. After Bill Clinton raised taxes on upper income individuals to reduce federal budget deficits his party lost heavily in the following congressional elections.
Answer: A
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The following table shows the different quantities sold by a monopolist at different prices
Quantity (units) Price ($) 1,000 14 1,350 12 1,700 10 2,100 8 2,650 6 3,000 4 3,300 2 a) Estimate the total revenue and marginal revenue of the monopolist at the different quantities. b) If the monopolist faces a constant marginal cost of $2.29, what is the optimal output it should produce?
Monetary policy credibility has the benefit of ________
A) stabilizing inflation in the short run when faced with positive demand shocks B) stabilizing economic activity in the short run when faced with positive demand shocks C) transmitting the effect of aggregate demand shocks onto short-run aggregate supply D) enhancing the job opportunities of Federal Reserve officials after they leave the central bank
In the United States
a. only those who have made previous contributions to the program are entitled to receive the benefits of social insurance programs b. anyone with children is entitled to receive the benefits of social insurance programs c. anyone over 65 is eligible to receive the benefits of social insurance programs d. all taxpayers are eligible to receive the benefits of social insurance programs e. all poor families with children are eligible to receive the benefits of social insurance programs
The main distinction between loanable funds and capital equipment is that
a. capital equipment has a measurable productivity, while loanable funds do not b. capital equipment is less divisible and unalterable in the short run c. loanable funds have an associated price (the interest rate), while capital equipment does not d. capital equipment may earn rents in production, while loanable funds do not e. there are no opportunity costs associated with the investment in capital equipment