Poor people, who receive income assistance from the government, often do not work because
a. they face very high implicit marginal tax rates.
b. they are usually not physically able to work.
c. they have no desire for additional money.
d. the government forces them to stay at home and take care of their children.
A
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
When the Fed increased the volume of discount loans after the terrorist attacks of September 11, 2001, it was trying to achieve
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Suppose shoppers typically pay twice as much for frozen "convenience" foods compared to similar dinners they could prepare themselves. An economist would say
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