Which of the following government policies would most likely result in an increase in economic growth?

A) a decrease in the life of a patent from 20 years to 15 years
B) a decrease in government spending on grants issued through the National Institutes of Health
C) a decrease in the interest rate at which the government provides student loans
D) decreased copyright protection on music and movies


C

Economics

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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.

A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease

Economics

On the graph above, for a while after t = 0, the growth rate of output per worker is ________ the growth rate prior to time zero, and ________

A) below; rising B) below; falling C) above; constant D) above; falling

Economics

The winner's curse is more likely when the value of a good at auction is uncertain

a. True b. False

Economics

It has been recommended in Congress, on occasion, that the progressive income tax be converted into a proportional tax, with everyone paying the same tax rate. Is this a good proposal?

What will be an ideal response?

Economics