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All but which one of the following are transfer payments? food stampsfarm subsidiesSocial Security paymentswelfarethe President's salaryQuestion 2.2. Before Keynes, most economists and politicians believed ina cyclically balanced budget.an annually balanced budget.a structural deficit.a budget that was balanced only at full employment.Question 3.3. A laissez-faire attitude toward most markets is most closely associated withKeynesians.monetarists.classical economists.supply siders.Reaganomics.Question 4.4. Keynes advocated expansionary fiscal policy when an economy wasat full-employment output.experiencing a recession.experiencing inflation.at potential output.in wartime.Question 5.5. Opponents of discretionary fiscal policy believe that ittends to limit the size of the government.generates more surpluses than deficits.leads to deficits and increased government debt.tends to limit the size of the government and leads to more surpluses than deficits.Question 6.6. The sales tax burden on households is progressive.regressive.proportional.neutral.unrelated to a household's income.Question 7.7. Income security payments account for about what share of federal government spending in the United States? (Points : 1)one-halfone-thirdone-fourthone-fifthone-eighthQuestion 8.8. The federal income tax is progressive.regressive.proportional.very regressive.independent of income.Question 9.9. A structural deficit is the part of the deficit due to being in recession.disappears when the economy reaches full-employment.is the part of the deficit that would persist even at full-employment output.is the result of congressional changes in the budget sent to Congress by the President.is equal to the deficit other than the part accounted for by the surplus or deficit in the Social Security trust funds.Question 10.10. The national debt is a burden on future generations if it is larger than the one for which the current generation is responsible.it was incurred to put idle resources to work.borrowing reduced productive investment and future economic growth.debt holders are wealthier than the average taxpayer.the future generation is smaller than the present generation.
Illustrate what is the present macroeconomic situation (e.g. worrying about inflation also/or recession) in the U.S.
Illustrate what are the values of the tax-adjusted utilize cost of capital, the desired future capital stock also the desired level of investment
Illustrate the perfectly competitive market for root beer in chaseystan has achieved long run equilibrium.
Supply curve is given by L = 20w. What equilibrium wage rate and quantity is of labour hired. What is economic rent earned by workers.
The demand for bread will fall if more Americans go on a low diet. The cost of bread will fall due to the decrease in the demand for bread.
Explain why time management, communication and motivation are given more importance in the project management environment in contrast to traditional management environment.
You will select any country that is considered developed and compare it with a nation that is developing. Illustrate what are social, economic and political differences that set them apart.
How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.
Explain how the adverse inflation shock affects the AS curve. (ii) Discuss, using AD-AS diagram, what choices the Fed now must make regarding monetary policy.
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
If economy is operating at full employment and exchange rate increases explain why Federal Reserve will be less inclined to raise interest rate.
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