Both Keynesians and non-Keynesians now recognize
a. the limitations of automatic stabilizers as a stabilization tool.
b. the adverse effects of high marginal tax rates on economic growth.
c. the difficulties involved in timing discretionary changes in fiscal policy in a stabilizing manner.
d. the highly expansionary impact of budget deficits.
C
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The circular flow shows that the household sector earns its income by
A) selling factors of production. B) buying factors of production. C) selling goods and services. D) selling financial assets.
A country's exports increase as its level of domestic production increases
a. True b. False Indicate whether the statement is true or false
A stock's dividend yield is the
a. dividend as a percentage of the price per share. b. stock price as a percentage of the dividend. c. dividend as a percentage of the retained earnings per share. d. retained earnings per share as the percentage of the dividend.
Refer to the accompanying figure. For Jeff, the consumption of movies reflects the law of:
A. total utility maximization. B. marginal utility maximization. C. demand. D. diminishing marginal utility.