(Please all Answers me) 45 of 50 A U.S. presidential candidate that runs his or her campaign pledging to improve public schools and crime may, instead, want to run for state governor or mayor of a city because the federal government spends $100 billion on education.education and crime are generally the concerns of state and local governments.education and crime cannot be solved.education and crime are generally the concern of the federal government. Question 46 of 50 According to Keynesian economists, if people in the economy are not spending enough then the __________ should step in to fill the gap. federal reservemarketsfederal governmentbanks Question 47 of 50 The following levels of government determine a budget each year to show how much revenue the government expects to receive in taxes and other income and how the government plans to spend it: Federal onlyState and federal onlyFederal, state, and localLocal only 49 of 50 According to Keynes, disposable income is a factor that affects consumption. Disposable income is income after taxes and investments.income before taxes.income after taxes.income known as take-home pay. Question 50 of 50 According to Keynes, wealth or credit is a factor that affects consumption. An example of wealth is an increase in expected future income. a decline in interest rates. an increase in economic output. an increase in the value of stocks.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST1: Government Spending And Taxation

Section: Chapter Questions

Problem 2CQ

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(Please all Answers me) 45 of 50 A U.S. presidential candidate that runs his or her campaign pledging to improve public schools and crime may, instead, want to run for state governor or mayor of a city because the federal government spends $100 billion on education.education and crime are generally the concerns of state and local governments.education and crime cannot be solved.education and crime are generally the concern of the federal government. Question 46 of 50 According to Keynesian economists, if people in the economy are not spending enough then the __________ should step in to fill the gap. federal reservemarketsfederal governmentbanks Question 47 of 50 The following levels of government determine a budget each year to show how much revenue the government expects to receive in taxes and other income and how the government plans to spend it: Federal onlyState and federal onlyFederal, state, and localLocal only 49 of 50 According to Keynes, disposable income is a factor that affects consumption. Disposable income is income after taxes and investments.income before taxes.income after taxes.income known as take-home pay. Question 50 of 50 According to Keynes, wealth or credit is a factor that affects consumption. An example of wealth is an increase in expected future income. a decline in interest rates. an increase in economic output. an increase in the value of stocks.

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