A fiscal policy action to close a recessionary gap is to:
A. increase government purchases.
B. increase the marginal propensity to consume.
C. decrease transfer payments.
D. increase taxes.
Answer: A
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What is the present value of $104.25 that you could receive one year from now, given that the rate of interest is 4.25 percent?
A) $108.50 B) $0.00 C) $4.25 D) $100.00
What are the main objectives of most state insurance regulators?
a. Enforcing insurance mandates and monitoring insurance company profits b. Ensuring that all citizens have insurance and keeping insurance costs down c. Legislating moral hazard insurance policies and setting healthcare standards d. Monitoring adverse selection issues and setting insurance premium rates
An economics textbook is an example of:
A. capital. B. labor. C. a natural resource. D. entrepreneurship.
Is the Federal Reserve an independent institution?
What will be an ideal response?