The Congressional Budget Office estimates the size of the tax multiplier to be ________ for a 1-year tax cut for higher-income people
A) 0.1 - 0.6
B) 0.3 - 1.5
C) 0.5 - 2.5
D) 2.0 - 3.0
Answer: A
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While the classicists believed that both velocity and output are stable, Keynesians believe
Glendale Medical Care and Research Center? (GMCRC) offers advanced scientific treatment to the patients suffering from neurological cancer. The treatment plan offered by the hospital is relatively cost effective compared to similar treatments provided by the other medical centers.? However, the hospital management observes that the number of patients who receive neurological cancer treatment at GMCRC each quarter is much lower compared to the other hospitals. Which of the? following, if? true, would explain this? outcome?
A. GMCRC is the only hospital in the neighborhood that provides targeted therapy, in addition to radiation therapy and chemotherapy. B. Recent research on neurological cancer reveals that the incidence of this disease has increased during the last few years. C. GMCRC andother local hospitals tend to choose doctors from both international and national medical schools. D. The bulk of the treatment cost for neurological cancer is borne by the health insurance companies. E. Neurological cancer is not among the most common forms of cancer.
Automatic changes in tax revenues and expenditures that occur as a result of fluctuations in real GDP are referred to as automatic
A) discretionary policy. B) discretionary taxes and expenditure. C) government. D) stabilizers. E) taxes and expenditure.
Why does government provide educational opportunities in the form of vouchers, private subsidies, and public provision?
What will be an ideal response?