Due to automatic stabilizers, when the nation's total income rises, government transfer spending:
A. Increases and tax revenues decrease
B. Decreases and tax revenues increase
C. And tax revenues decrease
D. And tax revenues increase
B. Decreases and tax revenues increase
You might also like to view...
The Bretton Woods system was expected to be more stable than the gold standard because
A) the world supply of gold had increased greatly by the time the Bretton Woods system was established. B) large trade deficits and surpluses would be unlikely to occur under the Bretton Woods system. C) fewer countries were involved in the Bretton Woods system than had been involved in the gold standard. D) the IMF was set up to be a lender of last resort.
Oligopolists behave independently of each other.
Answer the following statement true (T) or false (F)
Other things the same, if the price level rises by 2% and people were expecting it to rise by 5%, then some firms have
a. higher than desired prices, which increases their sales. b. higher than desired prices, which depresses their sales. c. lower than desired prices, which increases their sales. d. lower than desired prices, which depresses their sales.
The general approaches to global poverty reduction include all of the following except
A. Within-nation redistribution of income. B. Government growth. C. Economic growth. D. Across-nation redistribution of income.