If both autonomous imports and autonomous taxes decrease by $100B we expect that equilibrium income will
A) increase by more than $200B.
B) decrease by more than $200B.
C) increase by $200B.
D) remain unchanged.
A
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Until Congress began to periodically raise benefit levels to adjust for inflation, the first recipients of Social Security checks:
A. lost value over time, because the payments were not adjusted for inflation. B. received a fixed amount that caused their real income to decline. C. grew poorer over time, because the payments were nominal amounts. D. All of these statements are true.
Why might special interest groups be more likely to push for transfers instead of economic growth? The answer is because it usually takes a much __________________ percentage _______________ in growth to equal what they can get from the transfer
A) smaller; decrease B) larger; increase C) larger; decrease D) smaller; increase E) none of the above
The purchase by a foreign government of an airplane produced in the United States is included in U.S
A) consumption expenditures. B) investment expenditures. C) government purchases. D) net exports.
The demographic transition view alleges that:
A. the DVCs must first accept the use of birth control techniques to increase their standards of living. B. population growth will only decline if mortality rates exceed birth rates. C. if incomes first rise, population growth will then decline. D. population growth has no bearing on a nation's per capita income.