Contractionary fiscal policy actions are likely to result in a ________ in net farm income
Fill in the blank(s) with correct word
Decrease
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According to the Ricardian view of government deficits,
A. any future burden of tax financing should be ignored. B. government deficits reduce interest rates. C. taxpayers are less capable of saving when debt finance is used rather than tax finance. D. the private sector supply of loanable funds will increase in the face of government deficits.
The equation of exchange which is MV = PY is an identity, which means it is true by definition. If you think carefully, what variable in the equation by the way it is defined really makes the equation of exchange an identity?
What will be an ideal response?
The consumer price index (CPI):
A. measures the price of a fixed basket of goods and services relative to the price of that same basket in some base year. B. measures the price of a basket of goods and services that constantly changes as the composition of consumer spending changes. C. measures the amount of money that it takes to produce a fixed level of utility. D. is one of the many statistics in the National Income Accounts.
Recall the Application about the salaries paid in Major League Baseball to answer the following question(s). Some Major League Baseball players are free agents, meaning they are free to negotiate a contract with any team. Other players are journeymen and apprentices, who are restricted to a single team.Recall the Application. What was the reason that rookies on the average are paid much less than their MRPs?
A. Their negotiations are restricted to only one team. B. Most of their salary goes to health insurance. C. They are terrible at negotiations. D. None of them are good players, so they are paid very little.