During the Great Depression, what appeared to be ________ fiscal policy was actually not when the ________ budget deficit or surplus is examined
A) expansionary; actual
B) expansionary; cyclically adjusted
C) contractionary; actual
D) contractionary; cyclically adjusted
Answer: B
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Lizzie's preferences are shown in the figure above. Lizzie is just as happy to have ________ as she is to have ________
A) 4 comic books and 12 cookies; 6 comic books and 12 cookies B) 2 comic books and 12 cookies; 11 comic books and 8 cookies C) 2 comic books and 8 cookies; 3 comic books and 5 cookies D) 4 comic books and 12 cookies; 8 comic books and 8 cookies
During the first three years of a recovery from a recession, productivity
a. usually rises relatively rapidly. b. falls slowly. c. is quite puzzling since it is usually unpredictable with respect to the directional change. d. usually remains constant.
The equal wealth and income distribution in the U.S. during its antebellum period can be clearly linked to its system of private property rights over land and minerals
Indicate whether the statement is true or false
In general, the more equitable the incidence of a tax system is the:
A. less complicated and more efficient is its design B. more complicated and less efficient is its design. C. more complicated and more efficient is its design. D. less complicated and less efficient is its design.