When the federal government uses taxation and spending actions to stimulate the economy, it is conducting:
A. monetary policy.
B. incomes policy.
C. employment policy.
D. fiscal policy.
Answer: D
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Prior to and during the period of American colonization, the following occurred in Europe:
(a) Feudal rulers found it easy to force peasants and urban producers to work for them as long-distance trade expanded, the costs of warfare increased, and the land/labor ratio increased as consequence of the bubonic plague. (b) Feudal lords shared profits from output with the peasantry and pumped them into investment expenditures, which accelerated agricultural growth. (c) Conflict among lords and peasants led to many peasant and urban revolts, diverting resources away from production and investment. (d) Financial stability enabled the nobility of Europe to foster growth among feudal lands and increase the riches of both rulers and peasants, producing a period of high economic growth.
The cookie company in the mall hires workers to produce cookies. The workers are paid $75 per day, and the cost of renting the space in the mall is $250 per day. If two workers are hired, the variable costs are
a. $75 b. $100 c. $150 d. $200
The merger of two daily New York City newspapers would be an example of a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
The empirical data indicate that in the short run exchange rates are much more variable than inflation differentials
Indicate whether the statement is true or false