Author Question: A special interest group cannot impose its will on the majority because the perceived costs and ... (Read 51 times)

mspears3 · **on:** Jun 30, 2018

A special interest group cannot impose its will on the majority because the perceived costs and benefits from government programs are the same for both groups.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which one of the following changes is consistent with a change in an economy's consumption function from C = 500 billion + 0.80Y to C = 700 billion + 0.80Y?
a. An increase in disposable income taxes.
b. An increase in interest rates
c. A decrease in permanent disposable income.
d. An increase in wealth.
e. An increase in savings.