Whether or not a reduction in the budget deficit is a pro-growth measure depends on how the budget deficit shrinks
a. True
b. False
A
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Suppose there are 180 million employed people and 20 million unemployed people
a. What is the unemployment rate? b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers. What is the new unemployment rate?
The key difference between classical and Keynesian macroeconomists is their differing beliefs about
A) the slope of the aggregate demand curve. B) the speed at which prices adjust. C) the natural rate of unemployment. D) the full-employment level of output.
According to the graph shown, producing 14 units:
A. is not as profitable as producing 11 units.
B. will earn negative profits.
C. will earn more profits than producing 9 or 11 units.
D. will earn zero profit.
About what percent of the government's budget is authentic discretionary spending?
A. 20% B. 35% C. 65% D. 10%