Which one of the following would be an effective fiscal policy in raising national income and reducing unemployment?
A. a decrease in government expenditures
B. an increase in net taxes
C. cutting back on unemployment benefits
D. A reduction in income taxes
D. A reduction in income taxes
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In the figure above, the deadweight loss from the tariff is ________
A) $32 million B) $80 million C) $16 million D) zero
Why is the Chair of the Fed Reserve considered by many to be the most powerful person in the economic world?
When the demand curve is linear, price elasticity of demand:
a. remains constant along the curve. b. is negative in the lower half of the curve. c. decreases as one moves down along the curve. d. is less than one in the upper half of the demand curve.
The percentage of total output allocated to the production of new plants, equipment, and structures is the
A. Entrepreneurial rate. B. Corporate allocation rate. C. Investment rate. D. Savings rate.