Which of the following is an example of fiscal tightening? # randomize
A. Business spending more because they are more optimistic about the economy
B. Consumers spending more because they expect high income in future
C. Foreigners buying more local goods because of higher income
D. Government reducing the size of its deficit
E. Central bank raising interest rates to fight inflation
Answer: D. Government reducing the size of its deficit
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A market is in equilibrium when
A) supply is equal to demand. B) the price is adjusting upward. C) the quantity supplied is equal to the quantity demanded. D) tastes and preference remain constant.
The Knights of Labor was
A) a craft union that tried to restrict immigration into the United States. B) an organization of skilled labor that tried to increase technical training after the German model. C) an organization of both unskilled and skilled workers that pushed for an eight-hour workday and equal pay for men and women. D) an industrial union composed of military personnel that tried to improve military life.
Which of the following is false? a. If demand decreases and supply increases, the equilibrium price will rise
b. If supply decreases and demand remains the same, the equilibrium price will rise. c. if supply increases and demand decreases, the equilibrium price will fall. d. if demand increases and supply decreases, the equilibrium price will rise.
An increase in the price of a good would?
What will be an ideal response?