Fiscal policy involves manipulating ________
A) the supply of money
B) consumption spending
C) federal subsidies and minimum wage values
D) government spending and taxes
D
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According to the Application, recent reforms in Cuba have relied less on the free market in determining prices in the housing market
Indicate whether the statement is true or false
Which of the following best defines an optimum currency area?
A) a group of nations sharing the same currency B) a group of regions in close proximity to each other. C) a group of regions who operate under similar economic policies. D) a group of regions with economies closely linked by factor mobility and by trade in goods and services E) a group of nations that engage in free trade with each other
All of the following are possible characteristics of a monopoly except:
A) there is a single firm. B) the firm is a price taker. C) the firm produces a unique product. D) the existence of some advertising.
Which of the following policy actions by the Fed would cause the money supply to decrease?
a. An open-market purchase. b. A decrease in required reserve ratios. c. A decrease in the discount rate. d. None of these.