Supply-side theory suggests that
A) aggregate supply does not depend on labor productivity.
B) increased government spending does not increase aggregate demand.
C) lower tax rates may not reduce overall tax revenues.
D) increased labor productivity may not increase real output.
C
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In the above table, the government sector balance is a
A) surplus of $200 billion. B) deficit of $200 billion. C) surplus of $100 billion. D) deficit of $100 billion.
Mercantilists perceived trade as a zero sum game
Indicate whether the statement is true or false
The poverty threshold line for a family of four in 2010 was
a. $30,170. b. about $22,000. c. between $10,000 and $15,000. d. less than $10,000.
Assume that the exchange rate changed from (a) $2/€ to (b) $1.125/€. What are the corresponding exchange rates for the U.S. dollar?
a. (a) €2/$ and (b) €1.125/$. b. (a) €1.125/$ and (b) €2/$. c. (a) €0.50/$ and (b) €0.89/$. d. There is not enough information provided to answer this question.