The natural rate of unemployment is higher in Europe than in the U.S. due to ________
A) the greater relative strength of American unions
B) the greater relative generosity of U.S. unemployment benefits
C) the greater severity of the business cycle in Europe relative to the U.S.
D) stricter European work rules
D
Economics
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A $0.2 trillion increase in government purchases increases the quantity demanded by $1.0 trillion, price level remaining constant. This additional spending reflects the _____ effect
a. recessionary b. expansionary c. simple spending multiplier d. income e. substitution
Economics
You hear a candidate for the U.S. Congress state that a tax on stocks is an equitable way for the government to raise revenue because it only affects the very wealthy. Evaluate this statement
Economics