Activists believe that postwar instability is primarily the result of
A) erratic growth of private investment.
B) uneven changes in real government expenditures.
C) uneven changes in private consumption of durables.
D) A and C are both correct.
D
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Over the last 30 years, the income gap between the rich and the poor has declined.
Answer the following statement true (T) or false (F)
The effects of tax incentive programs such as IRAs and 401(k) accounts suggest that these government programs designed to increase saving lead to
A) a decrease in the private capital stock. B) decreased labor productivity. C) an increase in the standard of living. D) an increase in the real interest rate.
Figure 9-4
?
In Figure 9-4, which expenditure level will result in a recessionary gap?
A. 1 B. 2 C. 3 D. There will be no deflationary gap.
During the 2011 to 2012 period, the wage premium of union workers, when compared to similar nonunion workers, was approximately
a. 9 percent. b. 20 percent. c. 28 percent. d. 33 percent.