Revenue and spending programs in the federal budget that automatically adjust with the ups and downs of the economy are known as _____

Which of the following statements is the best example of the term ceteris paribus?

A) An economist holds other factors constant when he examines the relationship between tax rates and tax revenues. B) More money should be spent on cleaning up the environment. C) The government budget surplus was $200 billion in 2000 because the economy was growing. D) An increase in the budget surplus after an increase in tax rates implies that tax rate increases cause budget surpluses. E) When studying the effects of a budget deficit, an economist must take account of all the factors involved.

When Tobin's q is greater than one, ________

A) a unit of a firm's stock (equity) is worth more than a unit of the firm's capital B) a new unit of capital has more value than a new unit of stock (equity) C) installed capital is worth less than new capital D) a unit of capital that a firm owns has more value than a unit it might buy