Ignoring any supply-side effects, to close a recessionary gap of $100 billion with a government expenditure multiplier of 5, the government could
A) increase government expenditure on goods and services by $100 billion.
B) raise taxes by $100 billion.
C) increase government expenditure on goods and services by $20 billion.
D) raise taxes by more than $20 billion.
E) decrease government expenditure on goods and services by $20 billion.
C
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A Herfindahl index value of 20, for a particular industry, indicates that the industry is most likely to be:
a. perfectly competitive. b. highly concentrated. c. oligopolistic. d. monopolistic. e. made up of illegal firms.
Corporations account for
A) the largest proportion of business revenues generated in the United States. B) the largest amount of taxes paid to the U.S. government. C) the largest number of firms in the United States. D) the smallest amount of revenues in the United States.