Permanent tax cuts have a larger impact on consumption spending than temporary ones
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Scenario 12.1. What is the probability of Simon trying to rescue the man and Paula not helping?
A) 9% B) 21% C) 49% D) 70%
Centrally planned economies tend to grow more quickly than market economies
Indicate whether the statement is true or false
A U.S. firm produces sweatshirts in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the sweatshirts to consumers. In which quarter(s) does(do) these transactions raise consumption?
a. the first and the second b. the first but not the second c. the second but not the first d. neither the first nor the second
Ceteris paribus, rising employment rates imply
A. Lower labor force participation rates. B. Higher labor force participation rates. C. Falling per capita GDP. D. Rising per capita GDP.