According to the text, Israelis living on a kibbutz in Israel
a. leave the economic decisions to the economists on the kibbutz
b. are adverse to profit-maximizing behavior
c. shifted from manufacturing to farming in the 1960s
d. behave according to the MC = MR rule
e. act communally so do not let prices affect their decisions
D
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A large decrease in oil prices is an example of:
A. excessive aggregate spending. B. inflation inertia. C. an adverse inflation shock. D. a favorable inflation shock.
Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$7500.5$1,000$1,000$500Determine the new equilibrium real GDP following a decrease in taxes from 500 to 400 (?T = -$100).
A. $4,500 B. $4,000 C. $5,100 D. $4,900
ATMs were developed because of breakthroughs in technology and as a
A) means of avoiding restrictive branching regulations. B) means of avoiding paying interest to corporate customers. C) way of concealing transactions from the SEC. D) increasing the competition from foreign banks.
Apply the concept of tax smoothing to the debate over tax-based versus spending-based fiscal stimulus
What will be an ideal response?