If the country is heading into a recession, the Fed might be able to counteract this by
A. increasing the discount rate.
B. carrying out an expansionary fiscal policy.
C. forcing the government deficit to decrease.
D. acting to increase the money supply.
D. acting to increase the money supply.
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The income of the middle person in an income distribution is called the
A) mean income. B) average income. C) median income. D) per capita income.
Mathematically, the marginal propensity to consume is:
a. consumption divided by income. b. the change in consumption divided by the change in income. c. income divided by consumption. d. the change in income divided by the change in consumption.
If the government were to reduce its spending, it would be enacting:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. a budgetary crisis intervention. D. expansionary budgetary policy.
A perfectly competitive firm is a price
a. giver. b. taker. c. maker. d. leader.