A disadvantage of using public works to reduce unemployment is that
a. it is very difficult to end a government spending program once it develops a political constituency.
b. large public works may require years to plan and get underway.
c. increased government spending may not be appropriate by the time the public works project beings.
d. All of these.
d. All of these.
You might also like to view...
Price indexes:
A. allow us to convert nominal measures of output into real measures of output. B. let us measure how much real stuff we get for our money. C. like the CPI or GDP price deflator are used to measure the aggregate price level. D. All of these statements are true.
Corporations can use any of the following to finance their operations except which one?
a. income taxes b. common stock c. preferred stock d. corporate bonds e. convertible stock
What is the flypaper theory of tax incidence? This theory is typically wrong. Why?
Which of the following causes a leftward shift in the short-run aggregate supply curve?
a. An increase of goods prices while nominal incomes are unchanged. b. An increase of full-employment real GDP. c. An increase of personal consumption expenditures while the price level is unchanged. d. An increase in nominal incomes.