Author Question: During World War II, a labor shortage emerged in some markets. New recruits into the civilian labor ... (Read 47 times)

123654777 · **on:** Jun 30, 2018

During World War II, a labor shortage emerged in some markets. New recruits into the civilian labor force included

(a) teenage females.
(b) married women.
(c) retired people 65 years of age or older.
(d) all of the above.

Question 2

According to Ricardian Equivalence, a tax cut will not have a material impact on consumption spending since ________.

A) households will simply save the monies received from the tax cut
B) the value of the tax multiplier is one
C) a tax cut must lead to an increase in prices, which leaves the real value of consumption unchanged
D) a decrease in taxes will be balanced, under current federal law, by a government spending increase