Determining accurate estimates of the government spending multiplier is difficult because
A) the total amount of debt also impacts the rate of inflation
B) separating the impacts of debt versus deficits is difficult
C) determining the expectations of households regarding future debt obligations is difficult
D) estimating the average interest rate paid on the total amount of debt is difficult
Answer: C) determining the expectations of households regarding future debt obligations is difficult
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The women's dress industry is monopolistically competitive because each firm has
A) a large market share. B) a very small market share. C) no market share. D) no competition for their market share. E) struck a deal with the many other firms about what price will be charged.
Which of these variables is not a variable in the equation for the asset market equilibrium condition?
A) Saving B) Expected rate of inflation C) Real interest rate D) Real income
How much a country's economy will produce at its potential output is also called: a. the trough of the business cycle. b. its economic welfare
c. the trend line. d. the natural rate of output.
The most important source of state tax revenue is the _____ tax.
A. property B. income C. excise D. sales