An example of expansionary fiscal policy would be
A) a decrease in government spending to reduce budget deficits.
B) an increase in tax collection to reduce budget deficits.
C) a decrease in interest rates to help stimulate the economy.
D) an increase in government spending on infrastructure to create jobs and improve the economy.
E) an increase in interest rates to encourage private savings.
D
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Refer to Figure 16.1. An increase in expected output in the future is best represented by a movement from
A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.
Which of the following economic and/or political rights does the labor movement work toward gaining?
(a) Property rights for women (b) The right to vote for women (c) The right to vote for non-owners of property (d) All of the above
Whenever the marginal product of a firm's only variable input was positive, but falling: a. its total product is growing at a decreasing rate
b. it will use more of the variable input until its marginal product is negative. c. it would reduce its use of the variable input. d. its total product is beyond its maximum.
Real income is found by:
A. dividing nominal income by 70. B. multiplying nominal income by 1.03. C. dividing the price index (in hundredths) by nominal income. D. dividing nominal income by the price index (in hundredths).