Fiscal policy and monetary policy have a similar ________ time lag.
A. response
B. recognition
C. implementation
D. structural
Answer: B
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On the 45-degree line diagram, the 45-degree line shows points where real aggregate expenditure equals
A) nominal GDP. B) unplanned investment. C) real GDP. D) planned investment.
Which of the following is generally considered the most regressive type of tax?
a. gift tax b. federal income tax c. excise tax d. payroll tax
A firm's output (Y) depends on how much capital (K) it has, according to the equation: Y = 20K - K2. The real interest rate is 6% per year, the depreciation rate of capital is 14% per year and the price of a unit of capital is $80, and each unit of output sells for $1.(a)For capital levels of 0 to 6, how much is output?(b)For capital levels from 1 to 6, calculate the marginal product of capital.(c)How many units of capital does the firm desire?(d)If the real interest rate was 1% per year, how many units of capital would the firm desire?
What will be an ideal response?
The preceding graphic from the St. Louis Federal Reserve
A) shows a dynamic view of income differences B) indicates that very few households in the lowest two groups moved upward over the decade C) reflects a highly skewed income distribution D) all of the above