Specifically targeted tax credits are simple and can save administrative costs
Indicate whether the statement is true or false
F
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Which of the following happened during the recession of 2007-2009?
A) Housing prices rose. B) Unemployment increased. C) Consumption increased. D) Food prices rose.
The LM curve slopes upward to the right because
A) the demand for money plus the demand for nonmoney assets must equal the supply of money plus the supply of nonmoney assets. B) a higher real interest rate is associated with a higher level of the output gap in money market equilibrium. C) a higher real interest rate is associated with a higher level of saving in goods market equilibrium. D) in equilibrium the actual real interest rate must increase one-for-one with expected real interest rate.
Assume that supply increases slightly and demand increases greatly. Which of the following will happen?
a. Equilibrium price will fall and equilibrium quantity will rise. b. Equilibrium price will rise and equilibrium quantity will fall. c. Equilibrium price will rise and equilibrium quantity will rise. d. Equilibrium price will fall and equilibrium quantity will fall. e. Neither equilibrium price nor equilibrium quantity will change.
If North Korea is currently producing at efficiency, and it proceeds to increase the size of its military, then, as long as nothing else changes, its
A. Production of nonmilitary goods will increase. B. Production possibilities curve will shift inward. C. Production possibilities curve will shift outward. D. Production of nonmilitary goods will decrease.