Because the personal income tax is an automatic stabilizer,
a. inflationary gaps are impossible.
b. the budget deficit grows during a recession.
c. the deficit needed to cure a recessionary gap increases.
d. the structural deficit grows during a recession.
e. All of the above are correct.
b
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Refer to Figure 8.1. The ideal outcome for the players would be for Charla to play ________ and for Mirna to play ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
What are the factors affecting the demand for foreign currency?
What will be an ideal response?
Which of the following correctly distinguishes the concepts of marginal utility and total utility?
a. Marginal utility is inversely related to the number of goods consumed, while total utility is directly related to the number of goods consumed. b. Marginal utility is directly related to the number of goods consumed, while total utility is inversely related to the number of goods consumed. c. Marginal utility is the total satisfaction provided by the consumption of a good, while total utility is the additional amount of satisfaction received from the consumption of an additional unit of a good. d. Total utility is always a positive value, while marginal utility is always a negative value.
One target of the UN Millennium Development Goals that has successfully been reached involved cutting in half the number of people who lack access to
a. public education. b. information technology. c. international trade. d. safe drinking water.