The government's decisions about spending and taxation that affect employment, output, and inflation are called
A. Keynesian policy.
B. short-term policy.
C. multiplier policy.
D. fiscal policy.
Answer: D
You might also like to view...
Horizontal summing of individual demands yields
a. the market demand for a private good b. the market supply of a private good c. the market demand for a public good d. the market supply of a public good
At the current quantity of pizza, the marginal social benefit is greater than the marginal social cost. Then
A) the number of pizzas produced is efficient. B) more pizzas must be produced to reach the efficient level. C) fewer pizzas must be produced to reach the efficient level. D) revenue for pizza producers is maximized.
John's utility of wealth curve is shown in the above figure. He currently has wealth of $20,000. If there is a 10 percent chance that he could lose all his wealth, what is his expected wealth?
A) $0 B) $2,000 C) $17,000 D) $18,000
A consequence of adverse selection is:
A. sellers violate the law when giving false information to buyers. B. too many transactions occur of low value. C. buyers and sellers may lose surplus they would have gained with more complete information. D. None of these statements are true.