The fastest growing category of government expenditure

Assignment Help Business Economics

Reference no: EM131377297

1. The fastest growing category of government expenditure is

A. transfer payments.

B. government purchases.

C. grants to state and local governments.

D. defense spending.

2. The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of

A. automatic monetary policy.

B. automatic stabilizers.

C. discretionary fiscal policy.

D. discretionary monetary policy.

Reference no: EM131377297

Questions Cloud

Monopolistic competition is monopolistic up : “Monopolistic competition is monopolistic up to the point at which consumers become willing to buy close-substitute products and competitive beyond that point.” Explain. Why do oligopolies exist? List five or six oligopolists whose products you own o..

Money demand-money supply and equilibrium interest rate : Carefully explain the impact on the money demand, money supply, equilibrium interest rate and the quantity of money due to each of the following: [Diagrams not required]

Cold war was about brink events incidents : The Cold War was about 'Brink Events', incidents which took the world to the brink of nuclear war. The East-West confrontation over Berlin and Cuba were both brink events which could have resulted in global destruction, but actually had the effect of..

Global economic slump reduces caribbean tourist traffic : Identify which category of unemployment each of the following persons would belong to. Rahul’s wife is transferred to the Santa Cruz branch of her bank, so he leaves his job as a teacher at Campion to try to get a job at St Elizabeth Technical. A glo..

The fastest growing category of government expenditure : The fastest growing category of government expenditure is. The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a rec..

The tax increases necessary to fund future social security : The tax increases necessary to fund future Social Security and Medicare benefit payments would be. Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that ..

Shift of the production function : Classify each of the following as a movement along or a shift of the production function and provide a justification for your choice.

The slope of the short run phillips curve is consistent with : The slope of the short run phillips curve is consistent with:

Equations-determine the profit-maximizing price and quantity : Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q2), AVC=f(Q, Q2), MC=f(Q, Q2). Recall that your marginal equations should be derivatives of your totals. Determine the profit-maximizing price and quantity.

User Account

All Pages