According to the research of Christina Romer and David Romer:
A. a tax reduction of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.
B. a tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.
C. a tax reduction of 2 to 3 percent raises real GDP by roughly 1 percent.
D. a tax increase of 2 to 3 percent lowers real GDP by roughly 1 percent.
B. a tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.
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Currently, the United States has a quota on the amount of sugar that is allowed to be imported into the United States. What would happen to the price of sugar in the United States if the quota was removed? What would happen to U.S. consumption and U
S. production of sugar?
Job search is the process of matching workers with appropriate jobs
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of an expectation of inflation?
A. Producers expect their prices on average to be higher next year. B. Producers expect the prices they pay for raw materials to be higher next year. C. Workers expect that the prices they pay for goods and services will be higher next year. D. All of these are correct.
Currently, about ________ of all health care spending is paid by individuals.
A. 3 percent. B. 45 percent. C. 89 percent. D. 10 percent.