Which of the following is not a method to reduce the inflationary gap?
a. Increasing government spending
b. Reducing transfer payments
c. Raising taxes
d. Decreasing government expenditure
a
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If the number of unemployed workers in an economy is 4 million, and the size of the labor force in the economy is 16 million, the unemployment rate in the economy is:
A) 8 percent. B) 4 percent. C) 30 percent. D) 25 percent.
Are returns to a single input and returns to scale one and the same? Explain.
What will be an ideal response?
Microeconomics and macroeconomics use different units of analysis
Indicate whether the statement is true or false
The phenomenon that describes how transfer programs, which significantly reduce the adversities of poverty, also reduce the opportunity cost of choices that often lead to poverty is known as
a. the implicit marginal tax rate. b. Gibson's paradox. c. the Phillips curve d. the Samaritan's dilemma.