The multiplier effect is the series of ________ increases in ________ expenditures that result from an initial increase in ________ expenditures
A) autonomous; consumption; induced B) autonomous; investment; induced
C) induced; consumption; autonomous D) induced; investment; autonomous
C
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Refer to the scenario above. Jack and Jill will derive maximum utility if:
A) Jack tries to move the tree while Jill does not. B) Jill tries to move the tree while jack does not. C) both of them try to move the tree. D) neither of them tries to move the tree.
According to your textbook, which best explains the fact that income inequality has increased in the U.S. since 1980?
A) A growing distrust of the efficacy of federal government spending programs combined with a rising concern over federal budget deficits B) A widening gap between the wages of skilled and extensively-educated workers and the wages of those with fewer skills and less education C) The impact of cheaply-produced and low-priced foreign imports D) Government deregulation of business
Direct transfer programs
a. are generally less efficient and less politically acceptable than subsidy programs b. are generally more efficient and more politically acceptable than subsidy programs c. are generally less efficient but more politically acceptable than subsidy programs d. are generally more efficient but less politically acceptable than subsidy programs e. will generally result in increased production by the group being subsidized
The components of M2 that are not also in M1:
A. sum to an amount that is smaller than the sum of the components of M1. B. are usable for making payments, but at a greater cost or inconvenience than currency or checks. C. are not usable for making payments. D. pay lower rates of interest than do the components of M1.