The alternatives of the active versus passive view of stabilization policy are usually expressed as
a. fiscal versus monetary policy.
b. internal versus external.
c. present value versus future value.
d. discretion versus rules.
d
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If the nominal interest rate is 6% and the inflation rate is 2% then the real interest rate is
A) 8%. B) 4%. C) 3%. D) 2%. E) 1%.
One difference between a traveler's check and a demand deposit is that: a. a traveler's check is accepted almost as widely as currency, while a demand deposit has to be converted into cash before making transactions. b. a demand deposit is accepted almost as widely as currency, while a traveler's check has to be converted into cash before making transactions. c. a traveler's check has a longer
expiration date than a demand deposit. d. a demand deposit has a longer expiration date than a traveler's check.
When economic losses are present in a market, firms will tend to
a. exit from the market. b. raise their prices until the break-even point is reached. c. lower their prices, regardless of cost, so they can capture more of the market. d. increase output.
If you earned an additional $1,000 of taxable income and paid $220 in taxes on that income, what would your marginal tax rate be?
What will be an ideal response?