An increase in Social Security payments will
A) increase export spending. B) increase investment spending.
C) increase consumption spending. D) increase government spending.
C
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In an economy where aggregate spending is given by Y = 5,500 + 0.6Y - 20,000r, the interest rate is currently 5 percent (0.05). If potential output equals 11,750, the central bank must ________ the interest rate to close the ________ gap.
A. raise; recessionary B. reduce; recessionary C. raise; expansionary D. reduce; expansionary
Which of the following is an example of price discrimination?
a. Lower admission prices to movies for senior citizens b. Lower prices for DVD players with fewer features than higher-priced players c. Higher prices for houses in California than in Nebraska d. A hair salon charging different prices for haircuts
Economists agree that corporations always shift the corporate income tax to consumers by raising product prices.
Answer the following statement true (T) or false (F)
If you want to become an actor, and you must join the Screen Actors Guild after your first job, the Screen Actors Guild is a(n)
A) closed shop. B) open shop. C) agency shop. D) union shop.