Between 1955 and 2006, Federal Spending as a percentage of GDP ranged between
A. 22% and 30%.
B. 16% and 22%.
C. 35% and 45%.
D. 47% and 61%.
Answer: B
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In the multiple-polluter case, each firm faced with an emission charge imposed as a marginal tax (MT) abates as long as
a. its MAC
The demand for loanable funds comes from saving and the supply of loanable funds comes from investment
a. True b. False Indicate whether the statement is true or false
If the central banks of most countries do not set the exchange rates, why do they hold foreign exchange as one of their assets?
What will be an ideal response?
In the case of a permanent negative supply shock
A. both the long-run and short-run aggregate supply curves shift leftward. B. there are no shifts in either the long-run or short-run aggregate supply curve. C. only the long-run aggregate supply curve shifts leftward. D. only the short-run aggregate supply curve shifts leftward.