Private property rights imply that people can own things, and they can do what they want with what they own even if they infringe on the private property rights of others
a. True
b. False
Indicate whether the statement is true or false
False
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An example of a fiscal stimulus is
A) increasing the quantity of money. B) lowering the interest rate. C) decreasing government expenditure. D) decreasing needs-tested spending. E) cutting taxes.
Suppose the interest rate is 7 percent. Consider four payment options: Option A: $500 today. Option B: $550 one year from today. Option C: $575 two years from today. Option D: $600 three years from today. Which of the payments has the lowest present value today?
a. Option A b. Option B c. Option C d. Option D
In the aggregate expenditures model, equilibrium occurs if:
A. aggregate expenditures (AE) are greater than GDP. B. aggregate expenditures (AE) are less than GDP. C. there is no unplanned inventory depletion or accumulation. D. consumption equals investment.
The funds paid to the government today for Social Security taxes are
A. saved to ensure sufficient resources in the future to pay the benefits of workers today when they reach retirement age. B. invested to provide for the future benefits of the taxpayers. C. used to pay the benefits of those who are currently retired. D. used by the government to purchase goods and services that will enhance the future productivity of business in the country.