List four government expenditure programs designed to redistribute income
What will be an ideal response?
Student responses will vary but should include four of the following:
(1.) Social Security.
(2.) Public Assistance.
(3.) Supplemental Security Income.
(4.) Unemployment Compensation.
(5.) Medicaid.
(6.) Medicare.
(7.) Food Stamps.
(8.) Earned Income Tax Credit.
(9.) Housing Programs
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What is the difference between a fixed exchange rate system and a managed float exchange rate system?
What will be an ideal response?
Monetary policy affects employment
a. only in the long run. b. only in the short run. c. in both the long run and the short run. d. in neither the long run nor the short run.
"If we come to a company's rescue this time, they'll take more risks and we'll have to come to their rescue next time, too." The economist who said this most likely
A) believes that the AS curve is upward-sloping. B) prefers monetary policy to fiscal policy when it comes to stabilizing the economy. C) is against bailouts. D) prefers increases in government spending to tax cuts when it comes to stimulating the economy from the demand side. E) none of the above
From 1960 to 2012, government purchases as a percentage of U.S. output have:
A. Remained approximately constant at about 50 percent B. Decreased from about 22 percent to about 20 percent C. Increased from about 20 percent to about 40 percent D. Decreased from about 50 percent to about 25 percent