Tax cuts and increased income transfers have the same fiscal stimulus, dollar for dollar.
Answer the following statement true (T) or false (F)
True
Like tax cuts, increased transfer payments do not increase injections dollar for dollar in the initial stage. Consumers will save some of their additional transfer payments or tax cuts; only the MPC part of the initial income will be injected into the spending stream.
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Refer to Table 14-1. Is there a dominant strategy for Star Connections and if so, what is it?
A) Yes, Star Connections should increase its advertising budget. B) Yes, Star Connections' dominant strategy is to collude with Godrickporter. C) No, its outcome depends on what Godrickporter does. D) Yes, Star Connections should not change its advertising budget.
A study conducted by Robert Shiller, a Yale Economist, found that a large majority of the public thinks that increases in inflation will not quickly lead to an increase in wages
Indicate whether the statement is true or false
One of the key factors in raising people in low-income countries out of the worst kind of poverty is whether they can
a. receive unemployment compensation. b. attend college or vocational school. c. make a connection to a somewhat regular wage-paying job. d. be protected by labor laws and unions.
Economic theory predicts that the price of a depletable resource will rise as it becomes more scarce
a. True b. False Indicate whether the statement is true or false