Part of the spending on the Doyle Drive project in northern California came from the American Reinvestment and Recovery Act, which is an example of discretionary fiscal policy aimed at increasing
A) tax revenues and the federal budget surplus. B) the money supply and money demand.
C) disposable income and interest rates. D) real GDP and employment.
D
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An increase in income equality causes the Lorenz curve to become more bowed away from the line of equality
Indicate whether the statement is true or false
Refer to Table 26-5. Suppose the table above illustrates the values of real and potential GDP and the price level if the Fed does not vote to change their current policy to be more contractionary or expansionary
Suppose that the Fed uses an appropriate policy and is successful in keeping real GDP at potential in 2017. State whether each of the following will be higher or lower than if the Fed had taken no action: a. Real GDP b. Potential real GDP c. The price level d. The unemployment rate
Risk aversion:
A. is the same for everyone. B. is an unusual type of preference. C. is an aspect of an individual's preferences. D. All of these statements are true.
Which of the following is the largest source of revenue for the federal government?
a. corporate income tax b. payroll tax c. personal income tax d. user charges