If the government enacts contractionary fiscal policy, it could:

A. reduce its spending.
B. decrease personal income taxes.
C. decrease corporate income taxes.
D. All of these are contractionary.


A. reduce its spending.

Economics

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In an open economy firms sell goods and services to:

A) households, government, and foreigners. B) just households. C) just the government. D) none of the above.

Economics

The subject matter of public economics falls into the two general categories of _____ and _____

a. public interest; private interest b. coercion action; individual liberty c. revenue generation; government spending d. civilian activities; military duties

Economics

An empty core is more likely if the individuals in a group own highly complementary resources

Indicate whether the statement is true or false

Economics

Refer to the graph shown. Which of the following curves demonstrates a perfectly inelastic demand curve?

A. A B. B C. C D. None of the curves

Economics