"Income security" programs comprised 33 percent of the federal government's spending in 2011 . Give a few examples of the programs included in this category
Social Security, unemployment insurance, welfare payments
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The prospect of future deficits
A) would prompt government to vastly expand discretionary spending. B) limits the ability of government to conduct fiscal policy in the near future. C) requires a government to eliminate all entitlement spending. D) encourages government to conduct expansionary fiscal policy.
The demand function for tickets to Ireland is expressed as Qd = 1600 - 0
005P + 2 PEngland + 3rain + 2Y, where P is the price for tickets to Ireland, PEngland is the price of tickets to England, rain is the inches of rain Ireland receives annually, and Y is annual household income. Assuming PEngland is $1000, rain is 30 inches per year, and income is 40,000, how much would the price of tickets to Ireland have to fall for consumers to be willing to buy one more trip per year? A) $15 B) $20 C) $50 D) $200
If an individual's income increases, then the demand for a normal good will:
a. decrease. b. increase. c. remain constant. d. rotate. e. fall to zero.
An increase in a country's real interest rate reduces that country's net capital outflow
a. True b. False Indicate whether the statement is true or false