On a graph showing the influence of automatic stabilizers on the economy, government expenditures on transfer payments and real GDP have a(n):
A. direct relationship as shown by an upward-sloping line.
B. direct relationship as shown by a downward-sloping line.
C. inverse relationship as shown by an upward-sloping line.
D. inverse relationship as shown by a downward-sloping line.
Answer: D
You might also like to view...
Some colleges charge all students the same fee for a weekly dining services meal plan. Suppose that students differ by how much food they consume each week. For example, members of the women's swimming team consume, on average, twice as much food as the average female college student, and the average male college student consumes 20 percent more food than the average female college student. The
dining services fee is most like a(n) a. excise tax that conforms to the benefits principle. b. excise tax that violates the benefits principle. c. lump-sum tax that conforms to the benefits principle. d. lump-sum tax that violates the benefits principle.
Eli is headed to his job harvesting grapes at a local vineyard. He earns $8 every hour he works there. He could also earn $7 an hour working as a bagger at the local grocery. Assuming Eli can only choose between these 2 jobs and that the benefits of each job are the same. Eli's opportunity cost every hour he decides to work at his harvesting job is:
A. exactly $7. B. exactly $8. C. less than $7. D. more than $7.
Exhibit 3-8 Demand and Supply Data for Video Games ? Price Quantity Demanded of Video Games Quantity Supplied of Video Games $75 400 900 70 450 850 65 500 800 60 550 750 55 600 700 50 650 650 45 700 600 40 750 550 ? Exhibit 3-8 presents supply and demand data for the video game market. If the price of video games was currently $70, there would be an ____________ of ______________ video games in this market.
A. excess demand; 450 B. excess demand; 500 C. excess supply; 400 D. excess supply; 850
If catfish farmers expect catfish prices to fall in the future, then right now
A. The market supply curve for catfish will shift to the left. B. There will be a movement down along the market supply curve for catfish. C. The market supply curve for catfish will shift to the right. D. There will be a movement up along the market supply curve for catfish.