Unemployment compensation is a ________ government transfer program.
A. state
B. local
C. federal
D. municipal
Answer: A
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Just after a cyclical trough, given the excess capacity in the economy, there should be an unusually ________ rate of closing the gap between desired and actual capital stocks, making net investment respond relatively ________ to rising sales
A) high, strongly B) high, weakly C) low, strongly D) low, weakly
All of the following are traditional economic views except:
A. there is no such thing as a bad choice. B. choice architecture is ineffective. C. revealed preference shows researchers what the bad choices are. D. choice architects have a responsibility to remain neutral when it comes to choices.
What is the percentage of income received by the upper quintile on line Y?
In the macroeconomy, demand-side shifts change:
A. aggregate demand only, which is why the price level remains unaffected in the long run. B. only the output level in the long run, while prices eventually return to their long-run potential levels. C. only the price level in the long run, while output eventually returns to its long-run potential level. D. aggregate demand only, which eventually shifts back in the long run.