"Privatization of government owned industries is likely to increase unemployment in the short run" is a ________ statement about ________ policy.
A. normative; monetary
B. normative; structural
C. positive; fiscal
D. positive; structural
Answer: D
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The Car Allowance Rebate System (CARS)
a. was launched as a stimulus program by the Reagan administration b. was introduced under the Consumer Assistance to Recycle and Save Act of 2009 c. is currently available to purchasers of plug-in hybrids d. was the first-ever Vehicle Accelerated Vehicles Retirement (VAVR) program
In oligopoly pricing, firms are caught in a situation called prisoner's dilemma when they
A. compete aggressively and earn low profits. B. compete aggressively and earn high profits. C. cooperate to minimize prices. D. cooperate to maximize profits.
What would likely happen to the long-run aggregate supply curve if the U.S. federal government decreases marginal tax rates on wages?
A. The LRAS curve would shift leftward. B. The LRAS curve would remain stable while the AD curve would shift leftward. C. The LRAS curve would shift rightward. D. The LRAS curve would remain stable while the AD curve would shift rightward.
Refer to the information provided in Table 21.6 below to answer the question(s) that follow. Table 21.6
Refer to Table 21.6. The value of government spending in billions of dollars is
A. 800. B. 1,400. C. 2,000. D. 2,300.