Real wages in the United States tend to rise at the same rate as
a. prices.
b. tax rates.
c. average productivity levels.
d. inflation.
c
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If consumption spending increases by $10 million with no changes in net taxes, then:
A. private saving decreases. B. public saving increases. C. private saving increases. D. public saving decreases.
For this question, assume that the Phillips curve equation is represented by the following: ?t - ?t-1 = (m + z) - ?ut. Which of the following will cause a reduction in the natural rate of unemployment?
A) an increase in m B) an increase in z C) an increase in ? D) an increase in actual inflation E) an increase in expected inflation
Which of the following terrorist acts makes the most sense from the perspective of the "rational terrorist"?
A. attempting to attack a well-defended target B. attacking a lightly-defended target in a media center C. quietly killing a CIA agent D. attacking a lightly-defended target in a remote area
The federal government's fiscal policy (taxing and spending policy) during the 1920s was one in which
(a) the federal budget was in surplus every year. (b) the federal budget exerted a mildly deflationary impact on the economy, tending to slow overall spending in the economy. (c) Parkinson's third law, "expenditures rise to meet income," seemed to hold for the federal government. (d) all of the above applied.