In a recession, needs-tested spending ________ and induced taxes ________
A) increases; increase
B) increases; decrease
C) decreases; increase
D) decreases; decrease
E) increase; do not change
B
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Before 1863
A) federally-chartered banks had regulatory advantages not granted to state-chartered banks. B) the number of federally-chartered banks grew at a much faster rate than at any other time since the end of the Civil War. C) banks acquired funds by issuing banknotes. D) banks were required to maintain 100% of their deposits as reserves.
In the above figure, when disposable income is greater than 600
A) saving is negative. B) the MPC is greater than 1. C) saving is positive. D) the MPS is negative.
Half of American recessions since the early 1950s have been caused at least in part by rapid increases in oil prices
a. True b. False
All actions and purchases, even those of wealthy people, involve a sacrifice
a. True b. False Indicate whether the statement is true or false