The impact effect is the
A) zero period dynamic multiplier.
B) h period dynamic multiplier, h>0.
C) cumulative dynamic multiplier.
D) long-run cumulative dynamic multiplier.
Answer: A
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Special interest legislation is inefficient because of logrolling
a. True b. False
In the Celtex case study, Leo Garcia, President of the synthetic chemical division, regularly fails to sell his products to and through the consumer products division. This is because:
A. the head of the consumer products division does not understand the difference between price and value. B. Celtex has a faulty organizational structure that regularly cheats Garcia. C. Garcia produces inferior products. D. there is a market-based alternative to his products that are cheaper.
If G = $800 billion, tax receipts = $850 billion, and there is an inflationary gap of $100 billion, there is
A. a budget surplus. B. a budget deficit. C. not enough information to determine whether there is a budget surplus or a budget deficit.
How does the age of prospective migrants affect the cost–benefit evaluation of moving to another nation?
What will be an ideal response?