The $787 billion stimulus was broken down as roughly ______ tax cuts, roughly ______ greater government purchases, and roughly ______ was transfer payments to help those affected by the recession, along with state and local governments
a. 20 percent, 40 percent, 40 percent.
b. 40 percent, 20 percent, 40 percent.
c. 30 percent, 50 percent, 20 percent
d. 50 percent, 30 percent, 20 percent.
e. 33 percent, 33 percent, 33 percent.
E
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If inflationary expectations on the part of the public increase, the trade-off between inflation and unemployment becomes worse
Indicate whether the statement is true or false
Exhibit 30-1
?
A. It is the quantity of output at which marginal social costs (MSC) equal marginal private costs (MPC). B. It is the quantity of output at which MPC > MSC. C. It is the market output; it is the quantity of output that exists if the external costs associated with the negative externality are not taken into account. D. It is the socially optimal output; it is the quantity of output that exists if the external costs associated with the negative externality are taken into account. E. none of the above
Between 2007 and 2009, which of the following occurred in the United States, but not in the United Kingdom?
A) an increase in unemployment B) a negative demand shock C) a negative rate of inflation (i.e., deflation) D) a sharp increase in financial frictions E) a negative supply shock
In a pure market economy,
A. there is no role for government. B. government intervention might be needed. C. large markets where people meet to buy and sell are required. D. all of these answer options are correct.