Which of the following is not an in-kind benefit?
a. A company life insurance policy.
b. A company health plan.
c. A company's annual holiday bonus.
d. A company car.
c
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According to the text, "congestion" is another word for
A) confusion. B) cost. C) inconsiderate behavior. D) shortage.
A combination of high inflation and recession, usually resulting from a supply shock, is known as
A) hyperinflation. B) disinflation. C) stagflation. D) depression.
The observation that countries with high rates of population growth don't have higher per capita income ________
A) suggests that the Solow model is unrealistic B) implies that technology doesn't work as well in countries where the population is growing rapidly C) is not supported by most empirical studies D) is consistent with the Romer model as applied to the world as a whole
If a "liberal" wanted to decrease aggregate demand, which of the following would she tend to favor?
a. An increase in government spending, because it will increase the size of the public sector. b. A decrease in government spending, because it keeps the public sector small. c. An increase in transfer payments, because it has a larger multiplier than tax changes. d. An increase in taxes, because it makes the public sector larger.