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.
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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.
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
An empty core is more likely if the individuals in a group own highly complementary resources
Indicate whether the statement is true or false
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