The largest income redistribution programs:
a. are funded solely by highly progressive taxation
b. pay benefits mainly to those below the poverty line
c. both of the above
d. neither of the above
Answer: d. neither of the above
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Unemployment insurance is a part of
A. stabilization policy. B. growth policy. C. right to work laws. D. social security.
What are the key differences between how we illustrate a contractionary fiscal policy in the basic aggregate demand and aggregate supply model and in the dynamic aggregate demand and aggregate supply model?
What will be an ideal response?
The "troika" that helped Greece avoid defaulting on its debt including all of the following EXCEPT:
A) IMF B) European Central Bank C) World Bank D) European Commission
When a nation's real per capita Gross Domestic Product (GDP) increases, which of the following is TRUE?
A) Every individual in that nation shares in the economic gain. B) A nation must channel most of the economic gains to its poorest citizens. C) Low income people are guaranteed to lose; they never share in their nation's economic gains. D) We don't know who has most benefited from economic growth unless we look at the distribution of income.