Which of the following is a private transfer payment?
A. Unemployment benefits received by newly laid-off workers
B. The sale of used clothing at a thrift store
C. The Social Security benefits paid to a retired worker
D. A check for $250 sent by a parent to a daughter at college
D. A check for $250 sent by a parent to a daughter at college
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For a fixed inflation rate target, an increase in the inflation rate corresponds to a ________ the aggregate demand curve and an increase in exogenous spending corresponds to a ________ the aggregate demand curve.
A. movement up; shift right of B. shift left of; shift right of C. shift left of; movement up D. movement up; movement down
In the late 1990s, debt-financed government spending decreased in Mexico. Following this decrease, consumption spending increased. Ricardian equivalence would explain this increase in consumption as the result of:
a. people's expectation of higher future taxes required to pay off government debt. b. people's expectation of lower future taxes that induce them to save less. c. automatic stabilization of the economy. d. the crowding out effect. e. an increase in current household disposable income.
A _____ is a certificate of indebtedness and a _____ is a claim to partial ownership in a firm
Fill in the blank(s) with correct word
A radiologist buys a new x-ray machine from General Electric to use in her medical practice. This x-ray machine is included in GDP as
A. part of gross private domestic investment. B. a nondurable consumption good. C. a service. D. a durable consumption good.