Which of the following is a transfer payment?
A) Social Security payments B) the food stamp program
C) a tax deduction D) an income tax credit
A
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During the Great Depression, the economist who raised the loudest objections against the classical model was
a. Milton Friedman b. John Nash c. Adam Smith d. Ben Bernanke e. John Maynard Keynes
Most spells of unemployment are short, and most unemployment observed at any given time is short-term
a. True b. False Indicate whether the statement is true or false
If the U.S. government imposed quotas on imports of clothing, then U.S
a. imports and exports would both fall. b. imports would fall and exports would rise. c. imports would rise and exports would fall. d. None of the above is correct.
A specific tax on sellers will
A) shift the demand curve to the right. B) shift the demand curve to the left. C) shift the supply curve to the right. D) shift the supply curve to the left.