Which of the following is the order of fastest to slowest acting policy, once enacted, in affecting aggregate demand?
a. taxes, money, government spending
b. taxes, government spending, money
c. government spending, taxes, money
d. government spending, money, taxes
c
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A tariff ranging from 28 percent to 113 percent on Chinese frozen shrimp is an example of
A. a policy protecting American consumers from foreign producers. B. a policy protecting American fisheries from overfishing. C. a policy protecting domestic producers from foreign producers. D. a policy using regulations and taxes to protect American consumers.
Refer to Table 9-12. Prior to trade, what was the opportunity cost to produce 1 sword in Morocco?
A) 1/2 of a belt B) 1 belt C) 1.5 belts D) 2 belts
The concept of limited liability
A) does not apply to a corporation. B) means that the owners of a corporation have liability limited to the value of the shares in the firm. C) means that owners of a firm are subject to double taxation. D) limits the amount of specialization that can occur in a firm.
The natural rate of unemployment is made up of
A) frictional, cyclical, and structural unemployment. B) frictional and cyclical unemployment. C) cyclical and structural unemployment. D) frictional and structural unemployment. E) seasonal and structural unemployment.