The Ricardo-Barro effect asserts that
A) government saving affects private saving.
B) government budget deficits crowd out private borrowing.
C) government expenditure affects private expenditure.
D) taxation raises interest rates.
A
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A decrease in the price level will shift the money demand curve to the ________, causing the nominal interest rate to ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
Money serves which of the following functions?
A. A medium of exchange. B. A standard of value. C. A store of value. D. All of the choices are true of money's function.
The marginal cost of production that is borne by the entire society is called the marginal
A) private cost. B) social cost. C) external cost. D) public cost. E) user cost.
Since there are many special interests lobbying in favor of different tax changes but no special interests lobbying in favor of the public interest, this suggests that tax code changes will _____
a. lead towards more regressive taxation b. will favor special interests c. not be in the direction of efficiency d. b and c