Fiscal policy is the set of policies that relate to federal government spending, taxation, and borrowing.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. Fiscal policy is the set of policies that relate to federal government spending, taxation, and borrowing.
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The ABC Nail Company has entered into a collusive agreement with the other firm in the industry, the DC Nail Company. What occurs in the nail industry if ABC decides to cheat on the agreement?
A) ABC lowers the price of its nails. B) The total industry output increases. C) The total profits in the nail industry will decrease. D) All of the above answers are correct.
Anheuser-Busch purchased the Labatt brewery in Canada and has expanded its market and product offerings. This is an example of:
A. foreign direct investment. B. foreign portfolio investment. C. exporting. D. importing.
A commercial bank has actual reserves of $1 million and checkable-deposit liabilities of $9 million, while the required reserve ratio is 10 percent. The excess reserves of the bank are:
A. $100,000. B. $1 million. C. $50,000. D. $900,000.
An indifference curve:
A. may be either upsloping or downsloping, depending on whether the two products are complements or substitutes. B. is downsloping and convex to the origin. C. is upsloping and has a constant slope. D. is downsloping and concave to the origin.