In the current debate over fiscal policy, advocates of returning to significant budget surpluses
A) contended that the economic miracle of the late 1990s caused the budget surpluses.
B) think that tax cuts will benefit the wealthy.
C) believe that tax cuts will continue the dependence of the United States on borrowing from foreigners.
D) All of the above.
D
You might also like to view...
Suppose that in a free market, 2,000 patients purchase an operation to receive an artificial heart at a price of $500,000 per operation. Without the heart, each patient will die. The government decides this price is too high and imposes a maximum price of $200,000. Everything else equal,
A. more patients will now die. B. fewer patients will now die. C. more patients will now die only if the demand curve is vertical. D. more patients will now die only if the demand curve is horizontal.
Which of the following is a monetary policy goal?
i. keeping the inflation rate low ii. attaining maximum employment iii. keeping the long-term interest rate at a moderate level A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
Why does the government provide benefits in-kind? Why don't we just give money to low-income people?
Suppose both John and Bill can do two tasks. If John can do each of the two tasks faster than Bill, then there is nothing that Bill should do; John should do everything
Indicate whether the statement is true or false