If the economy dips into a recession
A. automatic stabilizers will cause tax receipts to fall and transfer payments to rise.
B. automatic stabilizers will cause tax receipts to rise and transfer payments to fall.
C. discretionary fiscal policy will generate increased transfer payments and lower tax receipts.
D. discretionary fiscal policy will reduce government outlays and increase tax receipts.
A. automatic stabilizers will cause tax receipts to fall and transfer payments to rise.
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Why are the actions of firms interdependent in an oligopoly market but not in a monopolistically competitive market?
If the nominal wages of carpenters rose by 5 percent in 2013 and the price level increased by 3 percent, then the real wages of carpenters:
A. decreased by 2 percent. B. increased by 2 percent. C. increased by 3 percent. D. increased by 8 percent.
The intense competition of free trade prevents the investment that generates economic growth.
a. true b. false
The price of a new textbook is $60 in one year and $75 two years later, while the price of a used copy of the textbook increased from $25 to $37.50. The relative price of a new textbook
A) increased by 25 percent. B) increased from 2.4 to 3. C) decreased from 2.4 to 2.0. D) decreased from 1.4 to 1.25