The U.S. fiscal policy implemented in 2008 was an attempt to
A) give billions of dollars to businesses and low- and middle-income Americans in order to stimulate business investment and consumption expenditure, and thereby increasing AD.
B) give billions of dollars to businesses and low- and middle-income Americans in order to stimulate business investment and consumption expenditure, and thereby increasing SAS.
C) decrease interest rates in order to stimulate business investment and consumption expenditure, and thereby increasing AD.
D) decrease the exchange rate in order to boost net exports, and thereby increasing AD.
A
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The collection of laws, regulatory measures, and actions concerning a particular topic that originate with some body of government is called
A) fiscal policy. B) public policy. C) private policy. D) antitrust policy.
The smallest contributor to total federal tax revenues in 2014 was the: a. personal income tax. b. corporate income tax. c. excise tax
d. payroll tax.
We measure a person's productive contribution in a market system by
A. the profit maximization theory of the firm. B. the egalitarian theory of wage determination. C. the marginal revenue product theory of wage determination. D. the marginal factor cost theory of the firm.
When the price of the product falls
a. consumer's surplus remains the same. b. producers' surplus increases. c. consumer's surplus falls. d. producer's surplus falls.