The structural surplus
A) is legally required to be positive.
B) fluctuates over the business cycle.
C) is, by definition, equal to the negative of the cyclical deficit.
D) equals the actual surplus plus the cyclical surplus.
E) is the government budget surplus that would exist if the economy was at full employment.
E
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Which of the following is a part of the potential work force of a country?
A) People on active duty in the military. B) Institutionalized people C) Civilian non-institutionalized people aged 16 years and above D) Children aged 15 and lower
Union membership declined during the 1920s due to:
a. failure of a number of strikes. b. increase in real wages left the labor force satisfied. c. firms' use of "yellow-dog" contracts. d. poor union leadership. e. All of the above.
Answer the question on the basis of the following data. All figures are in billions of dollars. Picture Gross Private Domestic Investment 46 Exports of the US 9 Disposable Income 190 Personal Saving 10 Government Purchases 84 Net Foreign Factors Income 10 Consumption of Fixed Capital 52 Dividends 13 Imports of the US 12 Taxes on Production and Imports 22 Personal Taxes 38 Social Security Contributions 23 Statistical Discrepancy 0 The economy characterized by the above data is:
a) experiencing inflation because disposable income exceeds personal income. b) experiencing declining production capacity because net investment is negative. c) in a depression because personal income exceeds disposable income. d) experiencing expanding production capacity because net private domestic investment is positive.
The real-balances, interest-rate, and foreign purchases effects all help explain:
A. why the aggregate demand curve is downsloping. B. why the aggregate supply curve is upsloping. C. shifts in the aggregate demand curve. D. shifts in the aggregate supply curve.