The American Recovery and Reinvestment Act passed in February 2009 was the largest measure of discretionary fiscal policy in US history
a. True
b. False
Indicate whether the statement is true or false
True
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Explain how market economies are generally better able to achieve technological progress than are centrally planned economies
What will be an ideal response?
The effectiveness of direct controls on pollution depends on: (i) the budgets and enthusiasm of the regulatory bodies; (ii) sufficiently strong statutory penalties
a. i and ii b. i but not ii c. ii but not i d. neither i nor ii
A country could correct a balance-of-payments surplus by
A. Expansionary fiscal policy. B. Contractionary monetary policy. C. Increasing tariffs on imported goods. D. Decreasing the money supply.
If a household's income rises from $46,000 to $46,700, and its consumption spending rises from $35,800 to $36,400, then its _____
Fill in the blank(s) with the appropriate word(s).