In contrast to the structural deficit, the cyclical deficit reflects
A. Changes in discretionary fiscal policy.
B. Fluctuations in economic activity.
C. Fiscal policy decisions.
D. Changes in the "full-employment" deficit.
Answer: B
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If voters lack an economic incentive to become informed about pending legislation, then their preferences become a constraint on legislators voting for rent-seeking legislation
Indicate whether the statement is true or false
Figure 11-3
Using the graph in Figure 11-3, the profit-maximizing monopolist will charge a price
A. of more than $3. B. of $3. C. between $2 and $3. D. of $2.
The employment/population ratio _____ between 1980 and 2000, but this ratio has _______ since 2000 . (fill in the blanks)
a. fell; risen b. was virtually constant; risen c. rose; been virtually constant d. rose; fallen
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a. -$250 b. $250 c. $2200 d. Net exports cannot be calculated from the information given.