The 2009 fiscal stimulus bill represented approximately
A. 5.5 percent of GDP and was designed to close the expansionary gap.
B. 5.5 percent of GDP and was designed to close the recessionary gap.
C. 7.8 percent of GDP and was designed to close the expansionary gap.
D. 7.8 percent of GDP and was designed to close the recessionary gap.
Answer: B
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Answer the following statement(s) true (T) or false (F)
1. When a Clarke tax is used, the revenue collected may or may not cover the cost of providing the public good. 2. One problem with a Clarke tax is that although it may not cover the complete cost of a public good, it will never generate more than the cost of the good. 3. Social costs are equal to the costs imposed on others. 4. Social costs are felt by consumers but not by manufacturers. 5. All cars contribute positively to social gains.
In an auction, ________
A) buyers set the price of a good B) the seller sets the price of a good C) the government sets the price of a good below its market price D) the government sets the price of a good above its market price
The commercial banks on Sunny Island have checking deposits of $4 million, reserves of $600,000, and loans of $2.4 million. The desired reserve ratio is 10 percent. The banks have ________ of desired reserves and ________ of excess reserves
A) $600,000; $0 B) $400,000; $200,000 C) $400,000; $600,000 D) $600,000; $200,000
Conjoint analysis employs an approach to consumer behavior that is similar to the economic indifference curve model
Indicate whether the statement is true or false