?In the simplest Keynesian expenditure model, which of the following is fixed to allow for easy evaluation of changes in demand due to real income?
a. the price level
b. interest rates
c. tastes and preferences
d. future expectations
Answer: a. the price level
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The Social Security system was founded
A. as the United States began to recover from the Great Depression. B. during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support. C. during the Civil War, to pay pensions for veterans. D. in response to concerns that arose during the high inflation of the 1970s.
Refer to Table 10-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) -1% B) 1% C) 2% D) 4%
When Americans decrease their demand for Japanese goods
A) the supply of dollars will fall, and the demand for yen will fall. B) the supply of dollars will rise, and the demand for yen will rise. C) the demand for dollars will rise, and the demand for yen will rise. D) the demand for dollars will fall, and the demand for yen will rise.
Most state governments finance their budgets through ____, and most local governments finance their budgets through ____.
A. income taxes; property taxes B. property taxes; sales taxes C. sales taxes; property taxes D. income taxes; sales taxes