Return to deficit after 2001 was due to
A) a drop in the revenue share.
B) an increase in the expenditure share.
C) both a drop in the revenue share and an increase in the expenditure share.
D) recession.
A
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Which of the following is not an automatic stabilizer?
A. Personal income tax revenue. B. Corporate income tax revenue. C. Unemployment compensation benefits. D. Property tax revenue.
Cigarettes served as money in some prisoner of war (POW) camps during World War II. Given this, we would expect to observe
A. only government-issued cigarettes being accepted as money. B. people usually resorting to barter rather than using cigarettes as money. C. prices of other goods expressed in terms of cigarettes. D. no one ever smoking a cigarette.
Which of the following is true? a. Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the United States. b. Credit cards are not money; they are substitutes for the use of money in exchange
c. Most of the money that we use for day-to-day transactions is not official legal tender. d. all of the above
Comparative statics involves
a. the application of principles of physics to economic analysis. b. the process of studying how equilibria change in response to changes in exogenous variables. c. the process of studying how exogenous variables change. d. comparing two uncertain states of the world.