If transfer payments increase then we would most likely conclude what about government spending as a result of this increase?
A. Government spending would not change if transfer payments increase.
B. We cannot reasonably conclude anything about government spending.
C. Since transfer payments have gone up this has caused government spending to increase.
D. Since transfer payments have gone up this has caused government spending to decrease.
Answer: A
You might also like to view...
If whenever one variable increases, another variable also increases, then these two variables are ________ related
A) inversely B) positively C) cross-sectionally D) trend-line E) negatively
According to the AS-AD model,
A) the equilibrium is where the AS curve crosses the AD curve, but the amount of real GDP at this point is not always equal to potential GDP. B) the aggregate quantity supplied is typically greater than the aggregate quantity demanded, thereby leading to unemployment. C) the aggregate quantity demanded is typically greater than the aggregate quantity supplied, thereby leading to inflation. D) changes in the amount of potential GDP is the only factor that shifts both the aggregate supply curve and the aggregate demand curve. E) the AS curve is always equal to potential GDP.
Which of the following consumer choices is most likely made from non-selfish motives?
a. buying two cartons of diet Coke because you are addicted to the drink b. buying clothes on sale even though the manufacturer uses sweat shops c. buying a more expensive washing machine because it is environmentally friendly d. buying the cheapest cell phone because you cannot afford to pay more
Nominal GDP was $10,624 billion in year 1 and the GDP price index was 104. Nominal GDP was $11,246 in year 2 and the GDP deflator that year was 106. What was real GDP in years 1 and 2, respectively?
a. $9,983 billion and $10,111 billion b. $10,215 billion and $10,609 billion c. $10,022 billion and $10,813 billion d. $10,624 billion and $11,246 billion