The purpose of fiscal policy is to
A. alter the direction of the economy.
B. change people's attitudes toward government.
C. offer insight into the way things work.
D. educate people as to the importance of economics.
Answer: A
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U.S. households wishing to purchase shares of stock in a European company are ________ the foreign exchange market.
A. suppliers of U.S. dollars in B. suppliers of Euros in C. demanders of U.S. dollars in D. supplied Euros by the Fed for use in
The money market is in equilibrium when there is no excess supply of or excess demand for bonds
a. True b. False
The three main crops of the nation from the end of the Civil War to the turn of the century (1900) were (1) ______, (2) __________; and (3) _________.
Fill in the blank(s) with the appropriate word(s).
Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed input in the short run. If the per-unit rental rate of capital, r, is $25 and the per-unit wage, w, is $15, then the variable cost of using 81 units of capital and 9 units of labor is:
A. $135. B. $2,160. C. $2,025. D. There is insufficient information to determine the variable costs.