The total amount of U.S. tax revenue needed to finance the public sector:
A. has been a declining percentage of the domestic output in this century.
B. equals about 40 percent of domestic output.
C. equals about 15 percent of domestic output.
D. is larger today, as a percentage of total output, than in 1960.
Answer: D
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A cash gift causes the budget line to:
A. shift to the right in a parallel fashion. B. rotate clockwise. C. shift to the left in a parallel fashion. D. None of the statements is correct.
Which of the following would shift the investment demand curve rightward?
a. Lower expected rates of return on investment in capital goods b. Greater inventories of capital goods c. Higher business taxes on capital goods d. A more rapid rate of technological progress
consumption function
What will be an ideal response?
Countries like Malaysia and Thailand that tried to maintain overvalued currencies in the late 1990s inevitably faced increased
A. balance of payments surpluses. B. runs on their currencies. C. balance of payments deficits. D. both b and c.