The SNAP program is financed through
A. general revenues.
B. private insurance contributions.
C. a payroll tax.
D. the income tax.
Answer: A
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When there is positive inflation
A) the nominal interest rate is approximately equal to the real interest rate. B) the real interest rate is greater than the nominal interest rate. C) the nominal interest rate is greater than the real interest rate. D) the real interest rate is negative.
The discovery and dissemination of a new cost-saving technology
a. is an example of a positive demand shock b. would cause the long-run AS curve to shift leftward, thereby increasing both output and the price level c. would increase firms' unit costs d. would lead to an increase in output and a decrease in the price level e. is an example of a negative supply shock
The circular flow diagram shows the flow of resources between households and firms
a. True b. False Indicate whether the statement is true or false
Which of the following would be a legitimate government activity in the U.S. economy?
A. The regulation of water pollution. B. The enactment of antitrust laws to protect consumers. C. Enforcing child labor laws. D. All of the choices are correct.