Reports on the current consumer price index are released every
a. quarter.
b. two weeks.
c. month.
d. week.
c
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The Fabian socialists argued that there would be no social cost associated with
a. a proportional income tax. b. the sharp price declines caused when a speculative bubble bursts. c. limits on employer monitoring imposed to protect employees' privacy. d. the appropriation of rents by the government.
Which of the following is TRUE regarding the Federal Open Market Committee (FOMC)?
A) It is the main policy-making group of the Congress. B) Representatives from each state control its operation. C) It meets about every six weeks to decide on monetary policy. D) Both answers A and C are correct.
In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month. The loss of producer surplus
A) is smaller than the gain in consumer surplus. B) is larger than the gain in consumer surplus. C) is the same size as the gain in consumer surplus. D) could be smaller than, larger than, or the same size as the gain in consumer surplus.
A government debt larger than the economy's GDP ________
A) is an example of debt repudiation B) is a predictor of future large budget deficits C) is a consequence of debt intolerance D) is a possible consequence of tax smoothing