Which of the following is NOT an automatic stabilizer?
A. Food stamps
B. Unemployment insurance benefits
C. Public assistance
D. A supply-side tax cut
D. A supply-side tax cut
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During the boom years of the 1920s, bank failures were quite
A) uncommon, averaging less than 30 per year. B) uncommon, averaging less than 100 per year. C) common, averaging about 600 per year. D) common, averaging about 1000 per year.
If the food stamp program in the United States moved from coupons redeemable for food to cash payments
A) everyone would buy less food and more of other goods. B) everyone would buy more food and less of other goods. C) some people might buy less food and obtain a higher level of utility. D) some people might buy less food and obtain a lower level of utility.
If U.S. GDP drops and South Korean GDP remains unchanged, which of the following will happen in the Korean won market?
a. A rightward shift of the supply curve, a depreciation of the won, and a larger number of won traded b. A rightward shift of the demand curve, a depreciation of the won, and a smaller number of won traded c. A rightward shift of the demand curve, an appreciation of the won, and a larger number of won traded d. A leftward shift of the demand curve, a depreciation of the won, and a smaller number of won traded e. A leftward shift of the supply curve, an appreciation of the won, and a smaller number of won traded.
If interest rates are high, the future payoff for every dollar saved is low.
Answer the following statement true (T) or false (F)