(Last Word) According to the Research of Christina Romer and David

question 111

Multiple Choice

(Last Word) According to the research of Christina Romer and David Romer,

• A) a tax reduction of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.
• B) a tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.
• C) a tax reduction of 2 to 3 percent raises real GDP by roughly 1 percent.
• D) a tax increase of 2 to 3 percent lowers real GDP by roughly 1 percent.

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Definitions:

Assault

A civil wrong that occurs when one person intentionally and voluntarily places another in fear or apprehension of an immediate, offensive physical harm. Assault does not require actual contact.

Private Nuisance

A nuisance that affects only a single individual or a very limited number of individuals.

Strict-Liability Tort

A civil wrong that occurs when a defendant takes an action that is inherently dangerous and cannot ever be undertaken safely, no matter what precautions the defendant takes. The defendant is liable for the plaintiff’s damages without any requirement that the plaintiff prove that the defendant was negligent.

Intention

The state of having a purpose or plan in mind when doing something.