ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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10. If a central bank reduced inflation by 3 percentage points and in the short run this made output fall by
3 percentage points for 3 years and the unemployment rate rise from 3 percent to 9 percent for three years,
the sacrifice ratio is
a. 1.
b. 2.
c. 3.
d. None of the above is correct.
13. Means-tested government benefits base benefits on
a. a household's wealth and are an incentive to save.
b. a household's wealth and are a disincentive to save.
c. the current interest rate and are an incentive to save.
d. the current interest rate and are a disincentive to save.
14. Which of the following is correct?
a. No forms of capital income are taxed twice.
b. The tax code cannot be rewritten to provide greater incentive to save.
c. Means-tested benefits increase the incentive to save.
d. There is a correlation between national savings rates and measures of economic well-being.
16. Which of the following does the U.S. currently have?
a. means-tested government benefits and tax laws that tax capital income only once
b. means-tested government benefits and tax laws that tax some capital income twice
c. tax laws that tax capital income only once, but not means-tested government benefits
d. tax laws that tax some capital income twice, but not means-tested government benefits
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Transcribed Image Text:10. If a central bank reduced inflation by 3 percentage points and in the short run this made output fall by 3 percentage points for 3 years and the unemployment rate rise from 3 percent to 9 percent for three years, the sacrifice ratio is a. 1. b. 2. c. 3. d. None of the above is correct. 13. Means-tested government benefits base benefits on a. a household's wealth and are an incentive to save. b. a household's wealth and are a disincentive to save. c. the current interest rate and are an incentive to save. d. the current interest rate and are a disincentive to save. 14. Which of the following is correct? a. No forms of capital income are taxed twice. b. The tax code cannot be rewritten to provide greater incentive to save. c. Means-tested benefits increase the incentive to save. d. There is a correlation between national savings rates and measures of economic well-being. 16. Which of the following does the U.S. currently have? a. means-tested government benefits and tax laws that tax capital income only once b. means-tested government benefits and tax laws that tax some capital income twice c. tax laws that tax capital income only once, but not means-tested government benefits d. tax laws that tax some capital income twice, but not means-tested government benefits
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