The problem with a detailed federal government budget is that:
a. monetary policy becomes more difficult to implement
b. it reduces the flexibility of discretionary fiscal policy.
c. Congress cannot keep it up to date.
d. there is a shortage of congressional committees that deal with the budget.
e. there is a short review period, resulting in poor choices in funding programs.
b
You might also like to view...
Suppose a paper mill earns $1,000,000 in profits when it pollutes a river, and it can abate pollution at a cost of $A. The effects of the pollution are confined to a single farmer who earns $400,000 if the water he uses from the river is clean and $300,000 if it's polluted. Which of the following expressions gives the combined profit of both firms with abatement?
A. $(1,300,000 - A) B. $(1,400,000 - A) C. $(700,000 + A) D. $(1,700,000 - A)
According to Keynes, money wages
a. would adjust in the short run in order to maintain full-employment. b. are inflexible in the short run are cannot guarantee full-employment levels of output. c. are inflexible and fall as the price level rises. d. are more flexible downward than upward direction.
The conditions for unaligned retailer and manufacturer incentives include
a. customers are familiar with the product before they shop for it b. retailers have no opportunity to educate consumers c. manufacturers are more efficient at education consumers d. demand for the product is increased with some consumer education
A CPA recently has come to expect higher prices for expert tax advice in the near future. We would expect
a. the CPA to supply more expert tax advice now than she was supplying previously. b. the CPA to supply less expert tax advice now than she was supplying previously. c. the demand for this CPA's expert tax advice to fall. d. no change in the CPA's current supply; instead, future supply will be affected.