According to the U.S. Constitution, if government seizes your land through eminent domain, it must be taken for public use
Indicate whether the statement is true or false
TRUE
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Ricardian equivalence is the proposition that
A) government expenditure should only be financed by taxes. B) it does not matter whether government expenditure is financed by creating new money or issuing debt. C) government expenditure should only be financed by issuing new debt. D) it does not matter whether government expenditure is financed by taxes or debt.
The reduction in aggregate demand caused by deflation:
A. further reduces prices, causing a deflationary spiral. B. will decrease production and increase prices, causing inflation to adjust the price level. C. further reduces prices, causing aggregate supply to shift left back to long-run equilibrium. D. will decrease production and increase prices, causing a deflationary trap.
What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?
A. Poor people are lazy and do not want to work. B. All of our jobs have been shipped overseas. C. Tax cuts on the property owners and high income citizens. D. High cost of health care.
In the long run, the economy will be near full employment, and crowding out is the stronger force.
Answer the following statement true (T) or false (F)