A key tool of countercyclical fiscal policy is
a. the interest rate
b. the federal funds rate
c. the tax code
d. the regulatory code
e. Presidential executive orders
C
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The above figure shows the demand and cost curves for a firm in monopolistic competition. The firm maximizes its profit by
A) producing 8 units at a price of $5 each. B) producing 8 units at a price of $15 each. C) producing 4 units at a price of $20 each. D) producing 12 units at a price of $10 each.
Refer to above figure. With a specific tariff of $3 per unit, what is the quantity of Widgets imported?
What will be an ideal response?
During the Civil War years,
a. the slight stimulus to manufacturing was startling. b. iron production for both small arms and railroads increased rapidly. c. production of boots and shoes in Massachusetts nearly doubled. d. Both b and c are correct.
The functions carried out by the Federal Reserve Banks include
a. supervising member banks in their districts. b. serving as fiscal agents for the federal government. c. supplying money in the form of Federal Reserve notes. d. All of these.