Transfer payments are
a. payments made to individuals who are employed by the government.
b. payments made to individuals who provide goods and services to the government.
c. transfers of income from taxpayers to recipients who do not provide current goods and services for the payments.
d. omitted from the government expenditure figures.
C
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When speculators buy gasoline during the low demand spring in order to sell it during the high demand summer, they cause an increase in dead weight loss in the spring that is more than made up for by an increase in social surplus in the summer.
Answer the following statement true (T) or false (F)
Food Fanatics caters meals where their cost of producing an extra meal is $25 . Each of their meals is standard and sells for $20 . At this rate what should the company do?
a. Produce more meals and increase their profit b. Produce fewer meals and increase their profit c. Not change production d. None of the above
If buyers expect prices to ________ faster than the interest rate, it makes sense to _____ as much money as possible to _____ now in order to ______ in the future
a. Increase; borrow; buy; sell b. increase; save; buy; sell c. decrease; save; buy; sell d. decrease; borrow; sell; buy
One of the reasons that expansionary monetary policy has not been as effective as expected in recent years is that:
A. potential output was rising quickly. B. the fed funds rate was high. C. banks were holding significant excess reserves. D. Congress continued to run deficits.