Unlike discretionary fiscal policies, automatic stabilizers have a quick impact and therefore do not suffer from time lag
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is FALSE about saving?
A) Saving adds to wealth. B) Income left after paying taxes can either be consumed or saved. C) Saving equals wealth minus consumption expenditures. D) Saving is the source of funds used to finance investment.
The increased willingness of women to enter the workforce has most likely lead to what outcome in the labor market?
a. an increase in labor demand and higher real wages. b. an increase in labor supply and higher real wages. c. an increase in labor supply and high real wages. d. a decrease in labor demand and lower real wages. e. none of the above.
The consumption that is greater than zero when national income is zero is
a. permanent consumption b. induced consumption c. nondependent consumption d. autonomous consumption e. automatic consumption
Which diagram below illustrates the effect on the natural-gas market, with the widespread use of "fracking" or hydraulic fracturing by gas-drilling companies?
In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.
A. A
B. B
C. C
D. D