The $787-billion stimulus package enacted by the Federal government in 2009 to try to deal with the Great Recession was intended to:
A. Shift the aggregate expenditures schedule down
B. Close an inflationary expenditures-gap
C. Bring inflation down
D. Push the aggregate expenditures schedule upward
D. Push the aggregate expenditures schedule upward
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A Lorenz curve shows the:
a. number of people in an economy living below the poverty line. b. percentage of children in an economy who are not receiving adequate nutrition. c. percentage of the economy's population benefiting from government spending programs. d. percentage of an economy's total income each part of the population receives. e. percentage of the population whose income is dependent on sales to foreign countries.
Monopolistic competitors engage in product differentiation to:
a. enhance their market power. b. make it easer to collude with other firms c. reduce costs. d. create excess capacity.
Which of the following is one of the functions of rental prices?
A) to redistribute income from landlords to renters B) to redistribute income from renters to landlords C) to signal to the local government when taxes on rental units should be increased D) to ration the use of existing housing for current consumers
Vertical
What will be an ideal response?