?The long-run propensity measures the long-run change in the expected value of y given a one-unit, permanent increase in z.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The long-run propensity measures the long-run change in the expected value of y given a one-unit, permanent increase in z.?
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Which of the following is an in-kind transfer payment?
a. Medicaid b. Social Security c. workers' compensation d. unemployment insurance e. Temporary Assistance to Needy Families
The expected effects of fiscal contraction are
A. higher real interest rates. B. exchange rate depreciation. C. increased trade deficit. D. All of these responses are correct.
If the Canadian nominal exchange rate does not change, but prices rise faster abroad than in Canada, then the Canadian real exchange rate
a. does not change. b. rises. c. declines. d. None of the above is necessarily correct.
Which of the following is FALSE?
A) Tariffs are a relatively easy tax to administer and often form an important part of revenue for low-income countries. B) Taxes on income, sales, and property require more complex accounting systems than do tariffs. C) Low-income countries often have large informal markets with the sales of many goods and services not being recorded, which makes it difficult to apply many kinds of taxes. D) Tariffs are not an attractive tax option for most low-income countries, so they mostly rely on quota licenses for revenue.