Facets of the U.S. government's ethanol program include the following, except:
A. Tariffs on imported ethanol
B. Mandated use of ethanol in gasoline
C. Subsidies to oil refineries that use ethanol
D. Price-ceiling to reduce the price of corn needed to make ethanol
D. Price-ceiling to reduce the price of corn needed to make ethanol
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Using the Keynesian model, the effect of an increase in the effective tax rate on capital would be to cause ________ in the real interest rate and ________ in output in the short run
A) a decrease; a decrease B) a decrease; no change C) an increase; an increase D) no change; a decrease
A downtown diner daily serving the same business people will be more likely to serve a tasty lunch than a snack bar at a tourist attraction
What will be an ideal response?
Labor productivity is computed as
A) real GDP divided by population. B) real GDP divided by the number of workers. C) per capita real GDP divided by the number of workers. D) per capita real GDP divided by population.
Policy makers who believe that the costs of inflation are very high will tend to favor which of the following during an inflationary gap?
a. moderate fiscal stimulus, no monetary stimulus b. fiscal and monetary tightness c. moderate monetary stimulus, fiscal tightness d. strong fiscal and monetary stimulus