Which of the following components of government spending and revenue serves as an automatic stabilizer?
a. the wealth effect
b. the multiplier
c. unemployment insurance
d. military spending
e. property taxes
C
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In the above figure, the efficient quantity of milk is
A) 10 million gallons per day. B) 5 million gallons per day. C) zero gallons per day. D) None of the above because all of the quantities are efficient.
A globe is a model. However, it lacks much of the detail that one would find on a map. Does that make the globe an inferior model? Why not?
What will be an ideal response?
A consumer values a car at $525,00 . and a producer values the same car at $485,000 . If the transaction is completed at $510,000 . what amount of tax will result in unconsummated transaction?
a. A tax of $9,000 b. A tax of $14,000 c. A tax of $15,000 d. A tax of $18,000
The phrase "sticky prices" refers to the prices of:
A. some inputs taking longer to adjust to the price level than the output it creates. B. some output taking longer to adjust to the price level than the inputs used to create it. C. more durable goods "sticking," and not adjusting to the price level. D. consumer goods not adjusting to the price level.