In using the budget as an economic stabilizer, the United States has had the least success in
a. incurring deficits.
b. finding spending projects.
c. generating surpluses.
d. borrowing money.
c. generating surpluses.
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Over the last 100 years labor force participation by elderly males has fallen from over 2/3 to 1/5
Indicate whether the statement is true or false
The program that was created to provide rebates of Social Security taxes to low-income workers is
A) Supplemental Security Income. B) food stamps. C) Earned Income Tax Credit program. D) TANF.
Consider the following characteristics:
a. a market structure with barriers to entry b. demand curves that are easily identified c. firm cannot make zero profits in the long run d. firm can reap long-run profits. Which of the characteristics in the list above is shared by an oligopolist and a monopolist? A) a, b, c, and d B) a, b, and d C) a, c, and d D) a and d
Which of the following statements is true?
A. The multiplier effects for policy changes that are perceived to be temporary are the same as those for policy changes that are perceived to be permanent. B. The multiplier effects for policy changes that are perceived to be temporary are smaller than those for policy changes that are perceived to be permanent. C. The multiplier effects for policy changes that are perceived to be temporary are larger than those for policy changes that are perceived to be permanent. D. There is no relationship between the size of the multiplier effect and whether policy changes are perceived to be temporary or permanent.