Arguments for the balanced budget amendment include all of the following EXCEPT
A) a balanced budget amendment would limit Congress from using fiscal policy during a recession.
B) a balanced budget amendment would increase capital formation.
C) a balanced budget amendment would reduce the taxation burden on future generations.
D) a balanced budget amendment would exert fiscal discipline on the federal government.
A
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With unstable money demand and thus an unstable ________ curve, fluctuations in output are ________ by the fortuitous selection of ________ targeting
A) LM, minimized, money supply B) LM, eliminated, interest rate C) LM, minimized, interest rate D) IS, minimized, money supply E) IS, eliminated, interest rate
The marginal revenue product of a resource is:
a. the marginal product of the resource multiplied by the price of the product it helps to produce. b. the price of the product times the price of the resource. c. larger when the product price is smaller. d. larger when the marginal product is smaller.
Any increase in autonomous consumption is associated with:
a. an equivalent increase in autonomous saving. b. an equivalent decrease in autonomous saving. c. an equivalent increase in the slope of the saving function. d. an equivalent decrease in the slope of the consumption function. e. an equivalent movement along the consumption function.
Discounting or computing present value is a way of comparing dollar values that will appear at different points in time
a. True b. False Indicate whether the statement is true or false