The effects of increased inflationary expectations is depicted in a(n)
a. upward shift in the investment curve
b. downward shift in the investment curve
c. upward shift in the consumption curve
d. downward shift in the consumption curve
e. move to the right along an existing consumption curve
C
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The largest single portion of state and local budgets is devoted to
A. state and local defense. B. health and public welfare programs. C. state and local unemployment compensation. D. education. E. interest payments on state and local debt.
If the inflation rate in an economy is higher than expected, which of the following groups in the society would be most likely to gain?
a. Borrowers b. Lenders c. Persons holding large amounts of money d. Persons on fixed incomes e. Workers under contract without a cost of living adjustment
Identify the correct statement regarding business ethics.
A. Business ethics seeks to proscribe those behaviors that maximize an organization's profit. B. Business ethics seeks to proscribe those behaviors that maximize an employee's productivity. C. Business ethics and organizational architecture are interdependent. D. Business ethics and organizational architecture are independent of each other.
Explain why distributing $500 worth of food stamps to someone is not the same thing economically speaking as giving them $500 in cash? Why might the cash option make the poor better off than food stamps?
What will be an ideal response?