Which of the following is emphasized by supply-side economics?
a. The impact of budget deficits on interest rates and aggregate demand.
b. The impact of government spending on aggregate demand, output, and employment.
c. The impact of marginal tax rates on aggregate supply.
d. The impact of budget deficits on the rate of taxation in the future.
c
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When the Fed buys or sells government bonds to private banks in exchange for reserves, it is referred to as:
A) the Fed's dual mandate. B) open market operations. C) reserve targeting. D) moral suasion.
Which of the following has not been promoted by HPAE?
A) Large job creation in the government sector B) Land reform C) Free basic health care D) Significant investments in rural infrastructure
Between 1959 and 2003, the average annual growth rate of real GDP per capita in the United States was about _____
a. 0.1 percent per year b. 2.2 percent per year c. 6.7 percent per year d. 9.3 percent per year e. 15 percent per year
The Coase theorem states that if pollution permits are tradable, the outcome will be optimal, _____
a. regardless of who initially gets the permits b. only if the property rights are assigned to the victims of pollution c. only if property rights are determined by the government d. only if the property rights are assigned to the party with the least-cost alternative