All of the following are examples of automatic stabilizers except
A) personal income taxes.
B) means-tested federal transfer payments.
C) welfare benefits.
D) government emergency spending.
Ans: D) government emergency spending.
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It is sometime useful to view each step in the supply chain as a(n)
A) single market. B) integrated process. C) horizontal process. D) vertical process.
Payoffs are:
A. things that are only enjoyed by the winner. B. always monetary. C. bribes made to gain some advantage unfairly during a game. D. the rewards that come from particular actions.
Suppose a change takes place and the new equilibrium is at point A in the above figure. This change could have been caused by
A. an increase in the per-unit tax on DVDs. B. a reduction in the price of DVD players. C. a reduction in the wages paid to workers in the DVD industry. D. a decrease in the income of consumers.
Jim has the following assets and liabilities:Credit Card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000What is Jim's money demand?
A. $500 B. $1,250 C. $750 D. $3,250