The difference between fiscal policy and monetary policy is that
a. fiscal policy is macroeconomic policy and monetary policy is microeconomic policy
b. monetary policy is macroeconomic policy and fiscal policy is microeconomic policy
c. fiscal policy involves regulation of natural monopolies and monetary policy involves the provision of public goods
d. monetary policy involves regulation of the money supply and fiscal policy involves government spending and taxing
e. fiscal policy involves the promotion of competition and monetary policy involves collecting money to pay for taxes
D
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If there is unrest in the Middle East, and Saudi Arabian investors purchase German securities, the
A) demand for Saudi Arabian currency will fall. B) demand for Saudi Arabian currency will rise. C) supply of Saudi Arabian currency will fall. D) supply of Saudi Arabian currency will rise.
The law of increasing costs indicates that the opportunity cost of producing a good:
a. is proportional to the production of the good. b. is constant to the production of the good. c. increases as more of the good is produced. d. decreases as more of the good is produced. e. increases as less of the good is produced.
In the Cournot equilibrium, the price that each firm accepts is
A. the same as the competitive price. B. lower than the monopoly price, but higher than the competitive price. C. slightly higher than the monopoly price, but lower than the competitive price. D. the same as the monopoly price.
Are we passing the national debt burden on to our children?