If the government increases its spending, which of the following would tend to reduce the size of the multiplier?
a. higher taxes for the finance of the additional spending
b. higher interest rates as the result of additional borrowing to finance the spending
c. the flow of the spending into sectors where the unemployment rate is low
d. all of the above
D
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The law of demand concludes that a rise in the price of a golf ball ________ the quantity demanded and ________
A) increases; shifts the demand curve for golf balls rightward B) decreases; shifts the demand curve for golf balls leftward C) decreases; creates a movement up along the demand curve for golf balls D) increases; creates a movement down along the demand curve for golf balls
Nontariff barriers lead to: a. decreases in the prices of imports
b. an increase in domestic production. c. increases in the prices of exports. d. an increase in domestic consumption.
Each of the following except _____ takes a liberal position with respect to poverty.
A. Charles Murray B. Barbara Ehrenreich C. Lisabeth and Daniel Schorr D. Frances Fox Piven
Which of the following is most accurate about poverty in the United States as measured by the poverty line?
A. Poverty has steadily declined since the 1950s. B. Poverty declined through the 1950s and 1960s, but on net has not improved since then. C. Poverty, on net, has significantly worsened over the last 70 years. D. The greatest reductions in poverty occurred in the 1980s, but on net have not improved significantly since then.