Supply-side economics focuses on the
A. size of the tax multiplier.
B. marginal tax rate.
C. average tax burden.
D. federal income tax share of GDP.
Answer: B
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A decrease in the required reserve ratio will:
a. reduce commercial bank loans and reduce the money supply. b. increase commercial bank loans and reduce the money supply. c. increase commercial bank loans and increase the money supply. d. decrease commercial bank loans and increase the money supply.
When an economy is in a recession,
a. strong demand for investment funds will push interest rates upward. b. strong demand for resources will push the prices of resources upward. c. the real interest rate will tend to rise. d. the unemployment rate will rise above its natural rate.
Which of the following factors affects the marginal productivity of a worker?
a. human capital b. the worker's disposable income c. compensating wage differentials d. discrimination based on age, race, or gender
Which of the following is a true statement?
A. Most economists believe that increases in real GDP actually produce decreases in overall economic well-being because of spillover costs. B. Economists who support economic growth say that it is the most practical route to the higher standards of living the vast majority of people desire. C. Mainstream economists disagree as to whether the rate or productivity growth was higher between 1995 and 2009 than between 1973 and 1995. D. Most economists believe that the recent productivity acceleration implies an end to the business cycle.