Increases in government expenditures and large budget deficits are projected for 2014-2020 . If strong growth is observed during this decade, this would be most consistent with
a. the Keynesian view.
b. the supply-side view.
c. the crowding-out effect.
d. the new classical theory.
A
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In most countries in South America, the legal driving age is 18. If the legal driving age in the United States was raised from 16 to 18, how would this affect the market for new and used automobiles? What would happen to the equilibrium price and
quantity of new and used automobiles? What will be an ideal response?
The Congressional Budget Office estimates that ________ account(s) for less than 1 percent of health care costs in the United States
A) the aging population B) uninsured patients receiving treatment in hospital emergency rooms that could have been provided less expensively at doctor's offices C) the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance D) advances in medical technology
Which of the following is the best example of a good or service with an external benefit?
A) gasoline B) education C) garbage disposal D) fertilizers E) bread
In the above figure, the imposition of a $0.25 sales tax on sellers will
A) raise the market price paid by buyers of hotdogs by $0.25. B) lower the market price paid by buyers of hotdogs by $0.25. C) raise the market price paid by buyers of hotdogs by $0.125. D) have no effect on the market price of hot dogs.