Ricardian equivalence can be said to hold if:
a. taxation has greater effect on private spending than government borrowing.
b. taxation has a lesser effect on private spending than government borrowing.
c. government borrowing does not affect private consumption while taxation has a negative impact on private consumption.
d. government spending activities financed by taxation and those financed by borrowing have the same effect on private spending.
e. government spending activities financed by taxation and those financed by borrowing have no effect on private spending.
d
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Cost-push inflation can start with
A) a decrease in government expenditure. B) an increase in oil prices. C) a decrease in investment. D) a decrease in the quantity of money. E) an increase in government expenditure.
Why is a point below the production possibilities curve less efficient than a point on that curve?
What will be an ideal response?
A rise in the general level of prices over time is called ________.
A) deflation B) inflation C) disinflation D) deflection
The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the:
A. U.S. Steel case. B. Brown Shoe case. C. Von's Grocery case. D. ALCOA case.