Answer the following statement(s) true (T) or false (F)
1. The recession of 1973-75 provides an example of the workings of the automatic stabilizers.
2. According to supply-side economics, a reduction in marginal tax rates causes increases in productivity.
3. Supply-side advocates overestimate the effects of tax cuts on aggregate demand.
4. A decrease in national saving necessarily results in an equivalent decline in investment.
5. Federal borrowing can contribute to an upward pressure on the interest rate.
1. T
2. T
3. F
4. F
5. T
You might also like to view...
Explain what a democracy is and note some prominent examples of this form of government throughout history.
What will be an ideal response?
__________ is a political doctrine advocating limited government based on popular consent
Fill in the blanks with correct word
The call by President Clinton after leaving office in 2001 to repeal the Defense of Marriage Act is an example of the __________ level of the analytical framework in the textbook
a. government action b. government c. political linkage d. structure
The free exercise clause addresses public policies that a. appear to burden the government. b. allow for some religious activities. c. allow religious freedom
d. appear to burden religion.