Property taxes are:
A. an automatic stabilizer because they vary with income.
B. an automatic stabilizer because they do not vary with income.
C. not an automatic stabilizer because they do not vary with income.
D. not an automatic stabilizer because they vary with income.
Answer: C
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Answer the following statement(s) true (T) or false (F)
1. Runoff from urban streets is an example of nonpoint source pollution. 2. Since acidic deposition arises around the world, it is considered to be global pollution. 3. The warmer temperatures in the Gulf of Mexico may have increased the magnitude and extent of the damages linked to the Gulf oil spill in 2010. 4. When scientists first identified the ‘ozone hole’ over the Antarctic region in the 1980s, it was less than 10 miles in diameter. 5. Concern for managing natural resources to ensure their quality and abundance for future generations is called sustainable development.
If individuals were paid for their household production, GDP would: a. increase
b. not change, but GNP would increase. c. decrease. d. not change, but GNP would decrease.
Expansionary fiscal policy includes
A) increasing taxes and increasing government purchases. B) lowering interest rates, decreasing taxes and increasing transfer payments. C) decreasing taxes and increasing government expenditures. D) lowering the interest rates, decreasing taxes and decreasing government spending.
An increase in a country's money supply causes
A) its currency to appreciate in the foreign exchange market while a reduction in the money supply causes its currency to depreciate. B) its currency to depreciate in the foreign exchange market while a reduction in the money supply causes its currency to appreciate. C) no effect on the values of it currency in international markets. D) its currency to depreciate in the foreign exchange market while a reduction in the money supply causes its currency to further depreciate. E) its currency to depreciate in the domestic market and appreciate in the foreign market.