An advantage of transfer payments over public works as a means of reducing unemployment is that transfer payments
a. provide more direct aid to those suffering most from unemployment.
b. are unlikely to decrease unintended excess inventories of consumer goods.
c. generate more secondary and tertiary employment.
d. tend to have a larger multiplier effect.
a. provide more direct aid to those suffering most from unemployment.
You might also like to view...
In the above figure, tax revenue is at a maximum when the tax rate is
A) 0 percent. B) 30 percent. C) 50 percent. D) 100 percent.
If the demand for eBook readers increases and the supply of eBook readers increases, then
A) it is clear that prices will increase, the change in the quantity of eBook readers sold is ambiguous. B) it is clear that prices will decrease, the change in the quantity of eBook readers sold is ambiguous. C) it is clear that quantity sold will increase, the change in the price of eBook readers is ambiguous. D) it is clear that quantity sold will decrease, the change in the price of eBook readers is ambiguous.
A rightward shift of a supply curve
a. represents a decrease in supply b. might be caused by an increase in demand c. might be caused by a price ceiling d. would cause an excess quantity supplied at the previous equilibrium price e. might be caused by a decrease in demand
When production costs rise,
a. the short-run aggregate supply curve shifts to the right. b. the short-run aggregate supply curve shifts to the left. c. the aggregate demand curve shifts to the right. d. the aggregate demand curve shifts to the left.