Which of the following can cause supply-side inflation?
A) an increase in human capital
B) increases in the money supply
C) tax cuts
D) none of the above
Ans: D) none of the above
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Of the four groups listed below, the highest unemployment rate is typically experienced by:
a. females as a group. b. males as a group. c. teenagers. d. persons who completed 1-3 years of high school.
A primary source of revenue for the federal government is the sales tax
Indicate whether the statement is true or false
The $787-billion stimulus package enacted by the Federal government in 2009 to try to deal with the Great Recession was intended to:
A. Shift the aggregate expenditures schedule down B. Close an inflationary expenditures-gap C. Bring inflation down D. Push the aggregate expenditures schedule upward
If the marginal propensity to consume ( MPC) is 0.5, the value of the multiplier is
A. 4 B. 3 C. 2 D. 5