Which of the following is not a bargaining advantage enjoyed by bureau's?
a. They only have one legislature to deal with so bureaus are quite experienced in extracting a favorable budget agreement.
b. The legislature typically gets all information on the bureau from the bureau itself.
c. The bureaus have the ability to go out and hire the best negotiators while members of the legislature are the fixed negotiators on the other side.
d. Considerable bargaining occurs in committees comprised of high demanders of the output of the bureaucracy.
c
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The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. What is the efficient quantity of steel?
A) 0 tons B) 2 tons C) 4 tons D) 8 tons
Supply-side economists
a. focus almost exclusively on the supply-side effects of changes in the money supply. b. did not devote much attention to the supply-side effects of changes in income tax rates since the marginal income tax rate is very low and pertained only to the relatively wealthy. c. argued that cuts in marginal tax rates had very favorable supply-side effects. d. argue that government spending is at least as important as tax rates.
Active macroeconomic policy would move to close an expansionary gap by decreasing aggregate demand
a. True b. False Indicate whether the statement is true or false
Which of the following benefits is counted as income when the official poverty rate is calculated?
a. Medicaid benefits b. food stamps c. public housing benefits d. none of the above e. all of the above