In the U.S. economy, the effect on federal tax revenues and spending of an increase in the unemployment rate is to:
a. cut tax revenues and raise expenditures.
b. cut expenditures and raise tax revenues.
c. raise both tax revenues and expenditures.
d. cut both expenditures and tax revenues.
a
Economics
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Over time, a country's real GDP per capita typically
A) shrinks B) grows. C) increases and decreases randomly. D) remains stable.
Economics
Recent research suggests that if Apple switched from uniform pricing of its iTunes to two-part pricing,
A) total welfare would increase, but consumer surplus would decrease. B) total welfare and consumer surplus would increase. C) total welfare would decrease, but consumers surplus would increase. D) total welfare and consumer surplus would decrease.
Economics