According to William Niskanen's model of bureaucracy, bureaus tend to be overfunded because
a. it is difficult for Congress to determine the shape of a bureau's supply curve.
b. it is difficult for Congress to determine the shape of a bureau's demand curve.
c. Congressional leaders believe that deficit spending leads to economic growth.
d. Congressional leaders believe that government employees are underpaid.
a. it is difficult for Congress to determine the shape of a bureau's supply curve.
.
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Development plans have often failed because
(a) they have been insufficiently specific about projects. (b) they have overlooked noneconomic considerations. (c) they have been overambitious. (d) all of the above. (e) none of the above.
Holding all else constant, an increase in the real interest rate on U.S. assets will ________ the demand for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; increase B. decrease; decrease C. increase; decrease D. decrease; increase