In the Great Recession of 2007-2009, the stock market values shrank, causing a reverse:

Between 1981 and 1986, as the federal budget deficit increased,

A. consumption spending fell. B. investment spending was crowded out. C. net exports increased. D. net exports were crowded out.

Refer to Figure 24-2. Ceteris paribus, an increase in the capital stock would be represented by a movement from

A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.

Economist's can justify supporting education through taxation on which of the following grounds?

A) Education generates spillover benefits.
B) Low-income people could not otherwise afford education.
C) Most economists are educators.
D) Free education extends equal opportunity to all.
E) Public education is more efficient than allowing education to be provided by the market.

Capital gains are:

A. increases in the flow of saving. B. additions to plant and equipment. C. increases in the value of existing assets. D. increases in the flow of investment.