Fiscal policy:
a. uses the federal government's powers of spending and taxation to affect employment, the price level, and GDP.
b. uses the federal government's control over the money supply and interest rates to affect employment, the price level, and GDP.
c. can affect employment and prices, but not the level of GDP
d. can affect employment and the level of GDP, but not the price level.
e. is most effective when employed by state governments rather than by the federal government.
a
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Which of the following agencies has established standardized accounting principles for reporting corporate earnings?
A) The Securities and Exchange Commission B) The Federal Trade Commission C) The National Accounting Board D) The Fair Reporting Commission
According to Davis (1963), industrial firms need capital to expand, grow and develop. They will seek the most efficient means to finance this capital. In the U.S
during its period of industrialization, industrialists raised the resources needed to invest in capital accumulation by (a) tapping into the lending power of giant commercial banks. (b) utilizing the lending power of a large number of small banks. (c) merging. (d) engaging in all of the above.
The introduction of a tariff will be expected to
A. reduce imports. B. increase the prices of exports but have no effect on the level of imports. C. reduce the prices of exports but have no effect on the level of imports. D. increase exports.
In a competitive market the equilibrium price and quantity occur where:
A. consumers and suppliers bargain to a mutually acceptable price. B. the downsloping demand curve intersects the upsloping supply curve. C. quantity demanded exceeds quantity supplied or vice versa. D. the upsloping demand curve intersects the downsloping supply curve.