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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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.
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?