Permanent tax cuts shift the AD curve
a. farther to the right than do temporary tax cuts.
b. not as far to the right as do temporary tax cuts.
c. farther to the left than do temporary tax cuts.
d. not as far to the left as do temporary tax cuts.
a
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The figure above shows a
A) cross-section graph. B) scatter diagram. C) time-series graph. D) trend diagram. E) slope.
When comparing the banking crisis in the United States to the crises in Latin America, cost to the taxpayers of the government bailouts was
A) higher in Latin American than in the United States. B) higher in the United States than in Latin America. C) about the same in both Latin America and the United States. D) positive in Latin America but negative in the United States.
Answer the following statements true (T) or false (F)
1) In a Dutch auction, participants only observe a single bid. 2) A participant's optimal bidding strategy is dependent on how the product is valued. 3) In a correlated-value auction, the unknown, true value of the auction item is the same for all bidders. 4) If, in an auction with independent private values, a manager values an item at a price that is lower than the item's expected profit, the manager is risk neutral. 5) If an item being auctioned has independent private values, the expected revenue is the same for all auction types.
A . When the United States experienced double-digit inflation rates in the 1970s, people routinely bought houses that were more expensive than they could easily afford. Explain their behavior. b. Mortgage companies responded to this behavior, in part, by offering variable rate mortgages, where the interest rate for the loan varies with the inflation rate. Explain their behavior