An equal increase in government purchases and taxes will cause
A) an increase in real GDP.
B) no change in real GDP.
C) an increase in the budget surplus.
D) a reduction in cyclically adjusted budget surplus.
Answer: A
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The reward for the capture of Jesse James was $500.00 in 1881. Suppose the CPI in 1881 was 0.25. What is the real value of the reward in 2010 dollars if the CPI was 218.1 in 2010?
What will be an ideal response?
If a worker receives a fixed payment of $100 plus $10 for every hour she works, what is the maximum total earnings the worker can receive if she is restricted to a maximum of 12 hours of work per day?
A. $125 B. $220 C. $120 D. $340
Give an example of a vertical supply curve and the relationship between price and quantity
Please provide the best answer for the statement.
The amount a household would like to work within a giver period at the current wage rate if it could find the work is referred to as the unconstrained supply of labor.
Answer the following statement true (T) or false (F)