Which welfare program allows the working poor to receive income refunds that can be greater than the taxes they paid during the last year?
a. SSI
b. TANF
c. EITC
d. Medicaid
c
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
The above table shows the marginal benefit from submarines for the only two citizens of a country. Submarines are a public good. If submarines cost $175 a piece to produce, what is the efficient quantity of submarines?
A) 0 B) 1 C) 2 D) 3
Which of the following is an objective of fiscal policy?
A) high rates of economic growth B) discovering a cure for AIDs C) energy independence from Middle East oil D) health care coverage for all Americans E) homeland security
Cost-push inflation is caused by a leftward shift of the aggregate demand curve
a. True b. False Indicate whether the statement is true or false