The best economic case one can make for an active industrial policy involves
A) the national security argument.
B) the technological spillover argument.
C) the environment preservation argument.
D) the high value added argument.
E) raising the national income.
E
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What will be an ideal response?
The consumption function has a slope less than one because:
a. as disposable income increases, the real rate of interest will decline. b. saving and consumption are equal at all levels of income. c. as disposable income increases, consumption expenditures increase by an amount less than the increase in income. d. as disposable income increases, consumption expenditures increase by an amount greater than the increase in income.
The short run is that period during which there are no fixed commitments
a. True b. False Indicate whether the statement is true or false
Suppose potential income is $60 billion, actual income is $40 billion, and expenditures don't vary with income. If the actual budget deficit is $4 billion and the marginal tax rate is 20 percent, the structural deficit:
A. is $4 billion. B. is zero. C. is between zero and $4 billion. D. cannot be determined from the given information.