In the Keynesian model, whenever planned investment is greater than planned saving
A. the amount of planned investment will decrease, and real GDP will remain unchanged.
B. there will be an unplanned inventory decrease, and GDP will eventually increase.
C. the amount of planned investment will decrease, and real GDP will decrease.
D. there will be an unplanned inventory increase, and GDP will eventually decrease.
Answer: B
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The transactions approach to measuring money relies on the role of money primarily as a
A) temporary store of value. B) standard of deferred payment. C) unit of account. D) medium of exchange.
According to supply-side economics, changes in marginal tax rates will have which of the following effects?
A) change the incentive to work B) change the incentive to save C) change the incentive to invest D) all of the above
The resource curse is:
A. the curse that countries that have an abundance of resources tend to have lower economic growth compared to countries with fewer natural resources. B. the curse of many developing countries-they have few natural resources and their economies cannot grow. C. the curse that countries that have fewer resources tend to have lower economic growth compared to countries with abundant natural resources. D. an economic theory that has yet to be developed because there are no examples in the real world.
Individuals with taxable incomes of between $0 and $8,350 are in the _____ percent tax bracket.
Fill in the blank(s) with the appropriate word(s).