The workfare requirement program was popular not only among taxpayers but also among welfare recipients
Indicate whether the statement is true or false
T
You might also like to view...
Covariance stationarity focuses only on the first two moments of a stochastic process.
Answer the following statement true (T) or false (F)
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.
Assume that the tuna fishing industry is perfectly competitive. Which of the following best characterizes the industry if, as demand for tuna increases, fishing boats have to go farther into the ocean to harvest tuna?
A) a constant-cost industry B) an increasing-cost industry C) a decreasing-cost industry D) a fixed-cost industry
If the government uses fiscal policy to close a recessionary gap, government
A) expenditure must be increased by more than the gap because of the government expenditure multiplier. B) taxes must be cut by more than the gap because of the tax multiplier. C) expenditure can be increased by less than the gap because of the government expenditure multiplier. D) taxes can be raised by less than the gap because of the tax multiplier. E) taxes must be raised by more than the gap because of the tax multiplier.