The misery index is defined as
A) potential GDP minus real GDP.
B) the sum of the unemployment rate and the inflation rate.
C) the difference between potential GDP and actual GDP.
D) the unemployment rate minus the inflation rate.
E) the inflation rate minus the unemployment rate.
Correct Answer:
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Q14: Taxes affect aggregate demand
A) indirectly by changing
Q15: Government spending equals the sum of these
Q16: If the government wants to close a
Q17: To close a GDP gap, government should
A)
Q18: The effect of an increase in government
Q20: Which of the following statements is false?
A)
Q21: When taxes go down, then output increases,
Q22: Once Congress receives the president's budget, the
Q23: The fiscal year for the U.S. government
Q24: When federal expenditures grow faster than tax
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