____ usually increase(s) when the US economy is in recession and decrease(s) when the US economy is expanding
Fill in the blank(s) with the appropriate word(s).
net exports
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Inflation
A. has no impact on taxing strategies. B. can be temporarily offset with tax cuts. C. only became a tax problem in the late 1990s. D. generally affects state governments most severely.
When a person has health insurance, they often have to pay nothing or very little (called a "copay") to see a doctor. This might result in
A) their being overly healthy. B) a principal-agent problem. C) some moral hazard, since people might overuse the benefit. D) an adverse selection problem.
Including discouraged workers in the labor market statistics would raise the unemployment rate
a. True b. False Indicate whether the statement is true or false
How would a decrease in consumer income affect the market for lawn mowers?
a. Demand would decrease, leading to an increase in price and a reduction in quantity sold. b. Demand would decrease, leading to a reduction in price and a reduction in quantity sold. c. Demand would increase, leading to an increase in price and an increase in quantity sold. d. Demand would increase, leading to a reduction in price and an increase in quantity sold.