Which of the following will NOT cause the public debt to change?
A) collection by the government of $200 billion more in taxes than it spends
B) government budget deficit
C) government budget surplus
D) balanced budget
D
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Discuss the likely impact of each of the following on the unemployment rate:
a. The length of time workers are eligible to receive unemployment insurance payments is cut in half. b. The government passes a law making labor unions illegal. c. The minimum wage is raised by 50 percent. d. The government funds an Internet site where companies can post job openings at no charge.
Refer to Table 3.1. Which of the following cannot be true?
A) The consumer could be indifferent between A and B. B) A and C could be on the same indifference curves. C) The consumer could be indifferent between B and C. D) A and C could be on different indifference curves.
Because of the rise of global competition and free trade,
a. antitrust policy serves no purpose b. antitrust policy may be less necessary than previously thought c. U.S. industrial concentration poses more of a threat to consumers d. U.S. markets are becoming less contestable e. U.S. manufacturers are seeking fewer trade barriers