In 2017, the Trump administration enacted ______.
a. a freeze on discretionary fiscal policy
b. a freeze on automatic stabilizers
c. tax cuts and government purchasing increases
d. tax increases and government purchasing decreases
c. tax cuts and government purchasing increases
You might also like to view...
For a competitive firm, workers' marginal revenue product equals the marginal product of labor times the:
a. wage rate. b. price of the firm's product. c. interest rate. d. firm's total revenue.
One of the conditions mentioned in our formulation of the Ramsey Rule is that goods be unrelated in consumption. Do you think this is a reasonable assumption? If this condition does not hold, will the Ramsey Rule still work?
What will be an ideal response?
In principle, can a monopolist hold its monopoly power in the long run? Explain
What will be an ideal response?
Which of the following is the reason why pharmaceutical firms are not monopolistically competitive?
A. Pharmaceutical firms sell differentiated products. B. There are many buyers in the market. C. There are many sellers in the market. D. There are barriers to entry in the market, like patents.