Typically, the budget deficit is financed by:
a. printing money.
b. issuing debt
c. raising taxes.
d. both a. and c.
b
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In a simultaneous move game, the number of possible pure strategies a player can play is equal to the number of actions he can choose to take.
Answer the following statement true (T) or false (F)
In the Classical model, the price level is determined by
A) aggregate supply. B) the level of output. C) the Cambridge k. D) aggregate demand.
Government intervention can be productive and efficiency enhancing:
A. whenever it regulates a market. B. in markets for public goods and common resources. C. because the government always acts with altruistic motives. D. except in markets for public goods.
To say that a given welfare program is means-tested implies that:
A. in order to qualify, one must have the means. B. the size of the payment reflects the mean value of consumption based on family size. C. the more income one earns, the smaller the size of the benefit. D. in order to qualify, one must show that one means to find a job.