Outright transfer cuts are frequently used because they have a direct and very visible impact.
Answer the following statement true (T) or false (F)
False
Transfer cuts have the same fiscal impact as a tax hike, yet they are seldom used. An outright cut in transfer payments has a direct and very visible impact on recipients, including the aged, the poor, the unemployed, and the disabled. Hence this policy option smacks of 'balancing the budget on the backs of the poor.'
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In the long run, all of the following are true for a monopolist EXCEPT
A) P > ATC. B) P = MC. C) MR = MC. D) P > AVC.
The aggregate demand curve slopes downward because of
a. the real wealth effect, the interest rate effect, and the price level effect b. the real wealth effect, the money supply effect, and the international trade effect c. the interest rate effect, the international trade effect, and the real GDP effect d. the real wealth effect, the interest rate effect, and the international trade effect e. the real wealth effect, the interest rate effect, and the net export effect
What two main things did returning veterans want to buy after World War II? ____________________.
Fill in the blank(s) with the appropriate word(s).
In perfect competition, a firm's ________ curve is horizontal.
A. total revenue B. marginal revenue C. marginal cost D. total cost.