If the slope of the aggregate expenditure curve is 0.75, the expenditure multiplier is equal to
A) 1.33. B) 4.00. C) 0.75. D) 0.25. E) 5.00.
B
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In the above figure, the deadweight loss due to the tax is
A) $1,000. B) $2,000. C) $4,000. D) $8,000.
Refer to Figure 9.1. Suppose the market is currently in equilibrium. If the government establishes a price ceiling of $20, consumer surplus will
A) fall by $200. B) fall by $300. C) remain the same. D) rise by $200. E) rise by $300.
Which of the following government programs provides recipients with in-kind benefits?
a. Temporary Assistance to Needy Families (TANF). b. Social Security. c. The food stamp program (SNAP). d. Unemployment compensation.
Suppose a country had net exports of $7.5 billion and sold $44.6 billion of goods and services abroad. This country had
a. $44.6 billion of imports and $52.1 billion of exports. b. $52.1 billion of exports and $44.6 billion of imports. c. $44.6 billion of imports and $37.1 billion of exports. d. $44.6 billion of exports and $37.1 billion of imports.