Economic theory suggests politicians will be most likely to favor redistribution of income from
What will be an ideal response?
unorganized taxpayers to well-organized interest groups.
You might also like to view...
The number of part-time workers for economic reasons ________ during recessions and the number of part-time workers for noneconomic reasons ________ during recessions
A) increases; does not change B) increases; increases C) decreases; increases D) increases; decreases E) does not change; does not change
This led to a wide-ranging, and continuing, debate over the best way for government to respond to the recession and its aftermath.
What will be an ideal response?
If the economy is to have built-in stability, when real GDP falls
A. tax revenues and government transfer payments should fall. B. tax revenues and government transfer payments should rise. C. tax revenues should fall and government transfer payments should rise. D. tax revenues should rise and government transfer payments should fall.
In order to be able to consume more in the future, you have to consume
A. more consumer goods. B. less today and save the difference. C. fewer capital goods. D. more today to increase supply.