A decrease in the money wage rate increases ________ and an increase in the full-employment quantity of labor increases ________
A) the SAS and the LAS; only the SAS
B) the SAS and the LAS; only the LAS
C) only the SAS; the SAS and the LAS
D) only the LAS; the SAS and the LAS
C
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A period in which the economy is growing at a rate significantly below normal is called a(n):
A. recession. B. peak. C. boom. D. expansion.
The largest proportion of Medicaid spending goes to which of the following groups?
a. Blind and disabled b. Elderly c. Children d. Adults
Property taxes are the main source of funding for public schools
a. True b. False Indicate whether the statement is true or false
If the federal government placed a 50 cent per pack excise tax on cigarette manufacturers, and if as a result, the price to consumers of a pack of cigarettes went up by 40 cents, the
a. actual burden of this tax falls mostly on consumers. b. actual burden of this tax falls mostly on manufacturers. c. actual burden of the tax would be shared equally by producers and consumers. d. tax would clearly be a progressive tax.