You are an economic advisor to the president. You are asked to recommend a policy to promote long-term economic growth in the economy. Which of the following policies would you choose?
A) a reduction in sales taxes B) a reduction in taxes on luxury yachts
C) an investment tax credit D) all of the above
C
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Income is distributed ________ equally than wealth and the Lorenz curve for ________ lies closer to the line of equality
A) more; income B) more; wealth C) less; income D) less; wealth
The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake. Without regulation, ________ tons of paper will be produced and the price will be ________ per ton
A) 3; $150 B) 4; $100 C) 4; $200 D) None of the above answers is correct.
In an attempt to bring lenders and borrowers together following the financial crisis of 2008, the Federal Reserve made a large amount of new funds available to financial markets
The Fed expected this to increase the money supply and the total amount of lending because of the multiplier effect, in which a given amount of new reserves results in a multiple increase in A) long-term debt. B) stockholders' equity. C) bank deposits. D) required reserves.
There's been a real depreciation of the dollar over the past month. In the long run, you would expect the quantity of
A. American imports to rise and the quantity of American exports to fall. B. American imports to fall and the quantity of American exports to rise. C. American imports to rise and the quantity of American exports to rise. D. American imports to fall and the quantity of American exports to fall.