Ricardian equivalence will fail to hold if:
A. people increase their spending when they receive a tax rebate check.
B. people save, and do not increase their spending when they receive a tax rebate check.
C. intended expansionary effects of tax policy fail to occur.
D. All of these.
A. people increase their spending when they receive a tax rebate check.
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Economists believe that countries recently suffering hyperinflation have experienced
A) reduced growth. B) increased growth. C) reduced prices. D) lower interest rates.
Olson (1971) claims that unions strive for job monopoly to achieve their goals by coercion
Indicate whether the statement is true or false
When economists say scarcity, they mean:
a. there are only a limited number of consumers who would be interested in purchasing goods. b. the human desire for goods exceeds the available supply of time, goods and resources. c. most people in poorer countries do not have enough goods. d. goods are so expensive that only the rich can afford it.
In 2013, new stock sales accounted for ____ in corporate financing because corporations bought back some of their stock
a. $2 billion b. -$384 billion c. $1 trillion d. ?$65 billion