Income transfer programs can change the mix of output.
Answer the following statement true (T) or false (F)
True
Income transfer programs can change the mix of output since they increase purchasing power on certain goods and services, as in the case of food stamps or Medicare payments to health care providers.
You might also like to view...
A monopolist can maximize profits by:
A. selling as much as he can produce. B. producing at the level of output at which MR = 0. C. following the same rules as a perfectly competitive firm. D. selling an output where P = ATC.
The following table shows values of annual real GDP per capita over time. Use it to answer the next question.1810$1,5001860$2,1001910$3,9001960$18,0002010$43,600Between which years was the rate of growth in real GDP per capita the lowest?
A. 1860 to 1910 B. 1910 to 1960 C. 1810 to 1860 D. 1960 to 2010
Thailand's experience with pegging the baht to the dollar failed because the baht was ________ relative to the dollar, and China's experience with pegging the yuan to the dollar has run into difficulties because the yuan has been ________ relative to
the dollar. A) overvalued; undervalued B) undervalued; undervalued C) undervalued; overvalued D) overvalued; overvalued
Intermediate targets are
A) identical to instruments. B) macroeconomic variables that the Fed can influence that are related to the Fed's goals. C) also known as the Fed's tools. D) macroeconomic variables that never get revised.