In a recession, tax payments tend to increase and transfer payments tend to decrease
a. True
b. False
B
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Which of the following arguments is often used by opponents of Federal Reserve independence?
A) Independence slows the policy decision process. B) Independence causes inflationary pressures to build because of excessive monetary growth. C) Independence leads to conflicts between monetary and fiscal policy. D) Independence causes a concentration of financial power.
In the economy of Talikastan in 2015, consumption was 75% of GDP, government purchases were $200, imports were $50 and 125% of the value of exports, investment was one-sixth of the value of consumption. What was Talikastan's GDP in 2015?
a. $218 b. $2500 c. $1520 d. $2100
A _____ variable is used to incorporate qualitative information in a regression model.
A. dependent B. continuous C. binomial D. dummy
Which of the following is NOT a precondition for price discrimination?
A) The product cannot be resold to another customer. B) The price elasticities of demand are different for each group of consumers. C) The product is a durable good. D) The seller must have some market power.