Expansionary fiscal policy will
A) shift the aggregate demand curve to the left.
B) shift the aggregate demand curve to the right.
C) shift the short-run aggregate supply curve to the left.
D) not shift the aggregate demand curve.
B
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During an inflationary period caused by excessive aggregate expenditure, which type of government budget would most effectively combat inflation?
a. a deficit budget b. a balanced budget c. a surplus budget d. a full-employment budget
Price discounts to selected buyers with the intent of driving out smaller competitors is
a. widespread in all industries b. common in the retailing industry only c. illegal under the Robinson-Patman Act d. allowed if the four-firm concentration ratio is less than 50 percent e. beneficial to consumers in the long run
Which of the following statements is correct?
a. Low prices may not always be in the public interest. b. If prices on scarce resources are set "too low," consumers will receive the "wrong" signals and be encouraged to consume more, thus squandering resources. c. Raising prices on scarce resources is generally politically unpopular. d. All of the above are correct.
Pollution is a relatively new phenomenon.
Answer the following statement true (T) or false (F)