Flag this Question Question 1 1 pts

If the equilibrium level of national income is less than the desired level of national income, then

the economy may be experiencing a rising price level.

 

there will be an export surplus.

 

a recessionary gap exists.

 

there is full employment.

 

 

 

Flag this Question Question 2 1 pts

Following the Kennedy tax cut in 1964,

the unemployment rate increased and the inflation rate decreased.

 

the unemployment rate and the economic growth rate both increased.

 

the unemployment rate decreased and the economic growth rate increased.

 

the inflation rate increased and the economic growth rate decreased.

 

the unemployment rate increased but the inflation rate and economic growth decreased.

 

 

 

Flag this Question Question 3 1 pts

The length of time it takes to realize that there is an economic problem is called

the recognition lag.

 

the implementation lag.

 

the impact lag.

 

the policy lag.

 

the legislative lag.

 

 

 

Flag this Question Question 4 1 pts

If you remove the Social Security Trust Fund from the federal budget,

the deficit is smaller.

 

the deficit is larger.

 

for some recent years the deficit is smaller, and for others it is larger.

 

the deficit will not change.

 

the effect on the deficit cannot be determined.

 

 

 

Flag this Question Question 5 1 pts

Before Keynes, most economists and politicians believed in

a cyclically balanced budget.

 

an annually balanced budget.

 

a structural deficit.

 

a budget that was balanced only at full employment.

 

 

 

Flag this Question Question 6 1 pts

Keynes blamed economic downturns primarily on

the instability of consumption.

 

declines in the interest rate.

 

poor governmental management.

 

the instability of investment.

 

international trade.

 

 

 

Flag this Question Question 7 1 pts

In the Keynesian model, employment

is determined by output.

 

is determined by price level.

 

determines the level of output.

 

depends on aggregate supply.

 

is independent of output.

 

 

 

Flag this Question Question 8 1 pts

The measured deficit would be larger if

it were calculated as the real deficit.

 

it were measured at full employment when the economy is actually below full employment.

 

Social Security revenues and expenditures were excluded.

 

revenues and expenditures of state and local governments were taken into account.

 

the trade deficit were taken into account.

 

 

 

Flag this Question Question 9 1 pts

The federal income tax is

progressive.

 

regressive.

 

proportional.

 

very regressive.

 

independent of income.

 

 

 

Flag this Question Question 10 1 pts

The Investment Tax Credit

is contractionary and does not affect the level of output.

 

changes the level of input through changes in employment.

 

is an automatic stabilizer.

 

is a supply side policy, not fiscal policy.

 

affects the level of output through changes in investment.

SuperTutor

(15)

Status NEW Posted 23 Jun 2017 01:06 AM My Price 13.00

-----------

Attachments

file 1498181191-Solutions file.docx preview (56 words )

S-----------olu-----------tio-----------ns -----------fil-----------e -----------Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly----------- on-----------lin-----------e a-----------nd -----------giv-----------e y-----------ou -----------exa-----------ct -----------fil-----------e a-----------nd -----------the----------- sa-----------me -----------fil-----------e i-----------s a-----------lso----------- se-----------nt -----------to -----------you-----------r e-----------mai-----------l t-----------hat----------- is----------- re-----------gis-----------ter-----------ed -----------onÂ----------- th-----------is -----------web-----------sit-----------e. ----------- H-----------YPE-----------RLI-----------NK -----------&qu-----------ot;-----------htt-----------p:/-----------/wo-----------rkb-----------ank-----------247-----------.co-----------m/&-----------quo-----------t; -----------\t -----------&qu-----------ot;-----------_bl-----------ank-----------&qu-----------ot;----------- -----------Tha-----------nk -----------you----------- -----------

Not Rated(0)

• Buy Answer