All else being? constant, autonomous expenditure
A) increases as real GDP increases.
B) increases as real GDP decreases.
C) does not change with changes in real GDP.
D) is assumed to be zero.
Answer: C) does not change with changes in real GDP.
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An increase in the inflation rate increases employment only if the increase in inflation is unexpected
Indicate whether the statement is true or false
The supply of workers in a particular occupation could be relatively small if:
A. training costs are high. B. job features are undesirable. C. there are few people with the required skills. D. All of these are correct.
Vulcan Materials stock price soared in the days following the election of President Trump. Vulcan's products, such as asphalt and concrete, are used in construction and President Trump had pledged to bring about increased spending on infrastructure
projects that would require such products. Spending on infrastructure projects is an example of ________ aimed at increasing real GDP and employment. A) discretionary fiscal policy B) an automatic stabilizer C) contractionary fiscal policy D) a transfer payment
The academic studies that were the intellectual justification for Head Start suggested that for every dollar spent on the program, ________ would be returned to society in the form of higher taxes and lower welfare and incarceration costs.
A. $100 B. $5 C. $1 D. $50