A major drawback associated with the assessment of income distribution is that they neglect the effects of taxes and in-kind transfers
Indicate whether the statement is true or false
true
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Automatic stabilizers decrease the impact of a recession on the level of economic activity because they
A) reduce the interest rate and so allow firms to increase their level of investment. B) mean disposable income does not change by as much as real GDP. C) increase taxes so the budget is always balanced. D) raise the exchange rate so U.S. exports become more attractive to foreigners. E) increase the quantity of money in circulation.
Infrastructure projects result in the most value from a fiscal stimulus but a problem is that
a. there are technological issues that need to be solved. b. they are too complex to implement. c. most such projects are "prestige" projects, with little tangible value. d. most such projects do not increase productivity long into the future. e. most such projects are not "shovel ready" when the stimulus is needed.
In Figure 13-2, which of the graphs represents a firm that is a sales revenue maximizer?
A. 1 B. 2 C. 3 D. 4
Which of the following is true about wage agreements?
What will be an ideal response?