_____________ sector savings only sometimes (and partially) adjust to offset government budget deficits and surpluses.
a. Foreign
b. Corporate
c. Public
d. Private
d. Private
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The Great Depression is thought to have been prolonged and made deeper by
A) contraction of the money supply. B) the stock market crash. C) speculative behavior of investors. D) rapid inflation.
An upturn in business confidence may cause firms to ________ their estimates of MPK, leading to a ________ capital stock that matches MPK to the user cost of capital and thus ________ of net investment
A) lower, larger, a contraction B) lower, larger, an expansion C) lower, smaller, a contraction D) raise, smaller, a contraction E) raise, larger, an expansion
The idea of the invisible hand was introduced by
A. Wassily Leontief. B. Adam Smith. C. Thomas Jefferson. D. Mountifort Longfield.
The amount of additional earnings that must be paid explicitly in taxes or implicitly in the form of a reduction in income supplements is known as the
a. marginal income tax rate. b. implicit marginal tax rate. c. explicit benefit-reduction rate. d. supplemental income tax rate.