Income taxes and transfer payments help prevent extreme macroeconomic fluctuations
a. True
b. False
Indicate whether the statement is true or false
True
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If the demand and supply both increase equally, then the equilibrium price ________, and the equilibrium quantity ________
A) increases; increases B) does not change; increases C) decreases; does not change D) increases; does not change E) increases; decreases
What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?
What will be an ideal response?
In the figure above, households
A) receive transfers directly from governments. B) buy goods and services from governments in goods markets. C) receive transfers from governments through factor markets. D) sell factors of production to governments. E) pay taxes to governments through factor markets.
Global capital flows have completely broken the link between domestic savings and domestic investment
Indicate whether the statement is true or false