Author Question: An increase in taxes will ________ consumption spending, and a decrease in transfer payments will ... (Read 50 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
An increase in taxes will ________ consumption spending, and a decrease in transfer payments will ________ consumption spending.
 
  A) decrease; increase B) decrease; decrease C) increase; decrease D) increase; increase

Question 2

The GDP deflator in year 2 is 105, using year 1 as the base year. This means that, on average, the cost of goods and services is
 
  A) 5 higher in year 2 than in year 1. B) 105 higher in year 1 than in year 2.
  C) 105 higher in year 2 than in year 1. D) 5 higher in year 1 than in year 2.



SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library