It can take many months or even more than a year to begin a(n) _______________ fiscal policy after a recession has started.
a. contractionary
b. exploratory
c. aggressive
d. expansionary
d. expansionary
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In what ways do economists and policymakers who believe that market-based reforms are the key to improving the health care system criticize the Patient Protection and Affordable Care Act (ACA)?
What will be an ideal response?
Some economists argue that the federal government should normally run a deficit at potential GDP, with the borrowed funds applied to
A) health care costs. B) social security benefits. C) investment goods. D) consumption goods.
A sharp reduction in the U.S. debt-GDP ratio occurred
A) between 1998 and 2001 . B) between 1996 and 1997. C) between 1994 and 1995. D) between 1993 and 1995.
The official poverty level is based on
A) total net worth. B) pretax income, and includes cash subsidies but does not include in-kind subsidies such as food stamps. C) after-tax income, and includes both cash and in-kind government subsidies. D) wages and salaries, plus any unreported amounts of income from the underground economy.