If people expected that a fiscal policy in the form of a tax cut was temporary, then this policy's effect on the economy will tend to be:

A. Stronger

B. Weaker

C. The exact opposite of what was intended

D. As the multiplier effect would predict

B. Weaker

Economics

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In the late 19th and early 20th century, the relative earnings of foreign workers were ________________ the earnings of native workers after adjusting for differences in schooling, skills and other factors

a. approximately equal to b. much less than c. slightly greater than d. much greater than

Economics

In the aggregate demand/aggregate supply model, the vertical axis shows the values of ________ and the horizontal axis shows the values of ________.

A. the unemployment rate; the inflation rate B. the price level; real Gross Domestic Product (GDP) C. the inflation rate; the unemployment rate D. real Gross Domestic Product (GDP); the price level

Economics