The Car Allowance Rebate System (CARS)
a. was launched as a stimulus program by the Reagan administration
b. was introduced under the Consumer Assistance to Recycle and Save Act of 2009
c. is currently available to purchasers of plug-in hybrids
d. was the first-ever Vehicle Accelerated Vehicles Retirement (VAVR) program
b. was introduced under the Consumer Assistance to Recycle and Save Act of 2009
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The government will have to subsidize a natural monopoly in the long run if regulators choose to pursue:
a. marginal cost pricing b. fair-return pricing. c. per se pricing.
Which of the following is most likely to lead to inflationary monetary policy?
A) declining oil prices B) resolution of conflict in the Middle East C) the enactment of a free-trade agreement with Mexico D) rising unemployment
Give some possible explanations of the productivity slowdown in the United States that occurred in the 1973–1995 period.
What will be an ideal response?
The horizontal axis of the aggregate demand and aggregate supply graph has the
a) the price level as measured by the CPI. b) unemployment rate. c) the price level as measured by the GDP deflator. d) output of goods and services.