Which of the following is not true about The American Recovery and Reinvestment Act of 2009:
A. it included tax cuts.
B. it is more commonly known as the "stimulus plan."
C. it Increased government spending.
D. It privatized social security system.
Answer: D
You might also like to view...
A decrease in the quantity of money supplied shifts the money supply curve to the ________, and the LM curve to the ________, everything else held constant
A) right; left B) right; right C) left; left D) left; right
The accelerator theory can explain the paradox that both interest rates and investment rise and fall in concert during the business cycle if
A) the effect of changes in Y effect on In dominate the effect of interest rates on investment. B) the LM curve is constant. C) the IS curve is constant. D) the effect of changes in interest rates on In dominate the effect of changes in Y on In.
The National Recovery Act:
a. largely redistributed rather than expanded incomes. b. cut unemployment in half. c. was declared unconstitutional by the Supreme Court. d. Both a and b are correct. e. Both a and c are correct.
Neoclassical economists hold that, based on the theory of rational _______________, economic adjustments may happen very quickly.
a. thought b. production c. expectations d. thinking