Which of the following assumptions is true of government spending and taxes?
a. They do not depend upon on the level of GDP.
b. They may be changed only through direct action by the Congress.
c. They change only when the price level changes.
d. They change only upon executive order by the president of the United States.
e. They are autonomous at low levels of GDP but not at higher levels of GDP.
Question 2
If marginal product is at a maximum, then marginal cost is at a minimum.
a. True
b. False
Indicate whether the statement is true or false
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Generally, the total tax burden in the United States is much lower than that of other industrialize
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
The research methods that sociologists choose depend partially on the questions they want to answer. ...
Like other aspects of culture, religion is filled with background assumptions that usually go ...