Eric Hanushek, from his research, concluded that

A. spending more on education is a waste of taxpayers' resources.
B. the higher the class size, the higher spending per student will be.
C. K-12 teachers should be paid high salaries.
D. K-12 education should be completely subsidized.


Answer: A

Economics

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Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower

Economics

Which of the following would not be considered an automatic stabilizer?

A. Defense spending B. Income tax C. Welfare payments D. Unemployment compensation

Economics

If a curve rises and then falls, it has a

A) slope that is negative and then positive. B) minimum. C) linear relationshi

Economics

The CPI attempts to:

A. balance out the consumption of different types of people in different life stages. B. balance out the consumption of different types of people in different life situations. C. capture an average across a very large group of U.S. consumers. D. All of these statements are true.

Economics