Fiscal policy involves
A. changing the money supply to change aggregate demand.
B. printing money, borrowing, or taxing to cover government spending.
C. changing government spending or taxes to increase aggregate demand.
D. state and local authorities, not the federal government.
C. changing government spending or taxes to increase aggregate demand.
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What can a nation do to increase its economic growth? Why is economic growth among the major national economic goals of all countries?
What will be an ideal response?
Game theory suggests that, in the absence of patents, the privately motivated innovation decisions of firms might lead to:
A. too much innovation. B. the socially efficient level of innovation. C. too little innovation. D. None of the answers is correct.
If the AVC is $12, the AFC is $4, the AR is $20, and output is 6,000 units, the total profit is
a. $72,000. b. $48,000. c. $24,000. d. negative $96,000.
In a given year, the value of U.S. foreign exchange transactions ________
A) are roughly equal to the value of all U.S. export and import transactions B) cannot be calculated using nominal exchange rates C) are relatively small in comparison with the value of U.S. export and import transactions D) are approximately 25 times greater than the value of U.S. export and import transactions