The combination of fiscal policies that would reinforce each other and be most expansionary would be a(n):
a. Decrease in government spending and an increase in taxes
b. Increase in government spending and taxes
c. Increase in government spending and a decrease in taxes
d. Decrease in government spending and taxes
c. Increase in government spending and a decrease in taxes
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Suppose s = 0.14, Y = 4000, K = 6200, n = 0.02, and d = 0.08. In this case, national saving is ________ than steady-state investment, so that the amount of capital per worker is ________
A) greater, rising B) greater, falling C) less, rising D) less, falling
The congressional committee headed by Thomas Jefferson proposed a method for disposing of the public domain that was based on
a. the New England township system. b. the Southern tract system. c. the Virginia plan. d. English common law.
According to the speculative demand for money, as interest rates fall, the quantity demanded of money will rise
Indicate whether the statement is true or false
Which statement is correct?
A. Farmers fared considerably better than most other economic groups during the Great Depression B. Farmers typically sell their products in highly competitive markets and buy in imperfectly competitive markets C. The principal beneficiaries of government farm subsidies have been the very-low-income farmers D. The use of price supports has accelerated the exodus of resources from agriculture