What are the three externalities that are associated with driving cars and trucks?
The negative externalities are congestion, accidents, and pollution.
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The practice of making choices using generalizations based on observable characteristics like race, gender, or age is called:
A. discrimination. B. conditional cash transfers. C. means-testing. D. None of these is true.
Assume that an economy's real GDP multiplier is 2 and that this economy is in equilibrium at $500 billion. If the government wants to move this economy to full-employment at $600 billion, while maintaining a balanced budget, it must choose which of the following options?
A. Increase government spending and taxes by $100 billion B. Decrease government spending and taxes by $100 billion C. Increase government spending and taxes by $200 billion D. Decrease government spending and taxes by $200 billion
Involuntary part-time workers are not working more hours due to
A) economic reasons. B) a lack of training and skills. C) an increase in the labor force. D) family reasons. E) educational commitments.
In the new classical model, the aggregate supply schedule depends on
a. the expected level of the money stock. b. the expected price level. c. the expected values of fiscal policy variables and other possible determinants of aggregate demand. d. Both a and c e. All of the above