The Tax Reform Act of 1986 was concerned with _____
a. fiscal stabilization
b. macroeconomic policy
c. equity considerations
d. efficiency considerations
d
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If disposable income falls by $40 billion and consumption falls by $30 billion, then the slope of the consumption function is
A) 1.33. B) 0.75. C) 0.4. D) 0.3.
If a production possibilities frontier is bowed out (concave to the origin), then production occurs under conditions of
A) constant opportunity costs. B) increasing opportunity costs. C) decreasing opportunity costs. D) infinite opportunity costs. E) uncertain opportunity costs.
What do you think about international "Chapter 11"?
What will be an ideal response?
The official number of poor in the United States
A) is higher today than at any other time in our history. B) has risen steadily since 1981. C) was lowest in the late 1960s. D) is lowest today.