If someone earned $25 million a year acting on a sitcom, the chances are that _____ of that $25 million would be economic rent.

Constructing the CPI involves which of the following stages?

i. conducting the monthly price survey ii. converting the CPI to an international index iii. selecting CPI market basket A) i and iii B) iii only C) ii only D) i only E) i, ii, and iii

Which of the following best illustrates the use of discretionary countercyclical fiscal policy?

a. Congress provides $90 billion in relief aid for hurricane victims. b. Congress appropriates $50 billion to help the needy, and the appropriation is financed by a tax on wealth. c. Income tax receipts are smaller because of a decline in real GDP during a recession. d. Congress passes a bill authorizing $100 billion in additional spending when it receives news of a deepening recession.