Which statement is true?
A. President Eisenhower did not attempt to undo the legacies of the New Deal, such as Social Security and unemployment insurance.
B. There was a major tax increase in 1964.
C. A war in Vietnam and a "war on poverty" in the Johnson Administration helped to reduce the federal budget deficit.
D. None of the choices are true.
A. President Eisenhower did not attempt to undo the legacies of the New Deal, such as Social Security and unemployment insurance.
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If the annual inflation rate in an economy is "i", then $1 borrowed at the beginning of a year will have the same purchasing power as ________ dollars at the end of the year
A) (1 - i) B) (1/i) C) (1 + i) D) i
Because of the existence of the aggregate demand multiplier, a $10 billion change in expenditure
A) shifts the aggregate demand curve by more than $10 billion. B) shifts the aggregate demand curve by $10 billion. C) shifts the aggregate demand curve by less than $10 billion. D) changes the slope of the aggregate demand curve so it is less stee
When the price of margarine is $2 per unit, 10 units of butter are demanded. When the price of margarine increases to $6 per unit, 30 units of butter are demanded. What is the cross-price elasticity between the two goods?
A) -1 B) 1 C) 2 D) 5
Which factor of production earns most income in the United States?
A) capital B) labor C) money D) entrepreneurship