Discretionary fiscal policy:
What will be an ideal response?
changes in government spending
and taxation resulting from deliberate policy decision
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Improved quality in health care services is partly responsible for increases in health care costs in the United States
Indicate whether the statement is true or false
Which of the following rules affected hedge funds as a result of the Dodd-Frank Act of 2010?
A) Hedge funds have to make detailed disclosure of their asset holdings. B) Large hedge funds must register with the SEC. C) Investors are allowed to make withdrawals after the first week. D) Carried interest is taxed as ordinary income.
The aggregate demand curve illustrates the relationship between
A) the aggregate expenditure for goods and services, and the real interest rate. B) the aggregate expenditure for goods and services, and the level of current output. C) the level of current output and the real interest rate. D) the aggregate expenditure for goods and services, and the price level.
If the interest rate is 3 percent per year and you borrow $100 for one year, at the end of the year you must pay back
A) $97. B) $100. C) $103. D) $3.