Medicaid coverage is universal for all low-income individuals regardless of health
a. True b. False
b
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If the economy in the graph shown were at point B, and the government wished to bring the economy back to its long-run equilibrium, it might:
A. increase government spending.
B. increase income tax.
C. decrease tax credits.
D. All of these would move the economy to its potential GDP from point B.
The incentive to work is an ingredient of the negative income tax because
a. if families do work, they will be eliminated from the program b. if families don't work, they will be eliminated from the program c. the more income earned in the workplace, the higher the family's after-tax income d. the more income earned in the workplace, the higher the payment from the government e. the amount earned in the workplace is not subject to income taxes
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to remain the same. b. Demand for real goods and services to remain the same and M2 money supply to fall. c. Demand for real goods and services to rise and M2 money multiplier to fall. d. Demand for real goods and services to rise and M2 money supply to rise.
A rational decision maker takes an action if and only if the marginal benefit exceeds the marginal cost
a. True b. False Indicate whether the statement is true or false