The U.S. Census Bureau considers in-kind transfers (such as employer provided benefits) when measuring income

If an indifference map for a consumer is made up of straight, negatively sloped lines, the goods are

A) perfect complements. B) unrelated. C) perfect substitutes. D) not desirable.

During a recession, rising transfer payments and falling tax collections

I. help cushion households from the impact of the recession. II. buffers the fall in real GDP (relative to a situation where transfer payments do not rise and tax revenues do not fall). III. tend to increase a budget deficit or reduce a budget surplus. A) I only B) I and II only C) II and III only D) I, II, and III