When the Federal government uses taxation and spending actions to stimulate the economy it is conducting:
A. Fiscal policy
B. Incomes policy
C. Monetary policy
D. Employment policy
A. Fiscal policy
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If the supply curve for housing has the usual positive slope, rent controls are likely to
A. increase the quantity of housing. B. improve the quality of housing. C. aggravate the housing shortage. D. help low-income families find suitable housing. E. increase the demand for housing.
Foreign aid can take the form of
a. only money, capital goods, or technical assistance b. only capital goods, technical assistance, or food c. money, capital goods, technical assistance, or food d. only money, technical assistance, or food e. only technical assistance or food
Positive economics deals with
a. theories about improving people's self-esteem b. practical ways of improving people's self-esteem by making money c. opinions that affirm economists' theories d. statements about the way things ought to be e. statements of fact
If a monopoly firm reduced the price of its product, which of following must have been true?
a. MR > MC b. MR < MC c. MR > AR d. MC > AR