The government implements fiscal policy when it changes
A) spending and/or interest rate.
B) money supply and/or taxes.
C) taxes and/or spending.
D) taxes and/or interest rate.
Answer: C) taxes and/or spending.
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The fastest growing nations today are those with
A) few funds spent on research and development. B) government intervention in markets to ensure high prices. C) the least saving. D) the fastest growing exports and imports. E) barriers that significantly limit international trade.
Consider the market for dollars. If the exchange rate rises from 2 pesos per dollar to 4 pesos per dollar
A) the supply curve of dollars shifts leftward. B) the supply curve of dollars shifts rightward. C) there is an upward movement along the supply curve for dollars. D) there is a downward movement along the supply curve for dollars.
Logrolling is the exchange of votes to gain support for legislation
Indicate whether the statement is true or false
Recall the Application about rising oil prices and their effect on the U.S. economy to answer the following question(s).According to the Application, which of the following explains why the U.S. imports for oil has substantially decreased since 2005?
A. increased production through new technologies B. more alternative energy sources C. better fuel consumption in automobiles D. All of these are correct.