Discretionary fiscal policy is a policy that _____
Fill in the blank(s) with the appropriate word(s).
is an intentional change in taxation or government spending
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Between 2013 and 2016, a country's nominal GDP grew by 18 percent and its inflation rate (based on the chain-weighted price index for GDP) was 11 percent. How fast did real GDP grow over this period?
What will be an ideal response?
The proposition that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle is called
A) the mean (or average) voter theorem. B) the median voter theorem. C) the voting paradox. D) the Arrow impossibility theorem.
All of the following are reasons for using the differences estimator with additional regressors, with the exception of
A) efficiency. B) providing a check for randomization. C) providing an adjustment for "conditional" randomization. D) making the difference estimator easier to calculate than in the case of the differences estimator without the additional regressors.
Taxes affect market participants by increasing the price paid by the buyer and received by the seller
a. True b. False Indicate whether the statement is true or false