Appropriate fiscal policy depends on the other major tool of governmental stabilization policy:
a. trade policy.
b. tax policy.
c. monetary policy.
d. labor market policy.
c
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Which of the following is a TRUE statement concerning bank holding companies?
A) Bank holding companies own few large banks. B) Bank holding companies have experienced dramatic growth in the past three decades. C) The McFadden Act has prevented bank holding companies from establishing branch banks. D) Bank holding companies can own only banks.
As the economy's income has grown, the government has
a. grown at about the same pace. b. grown at a faster pace. c. grown at a slower pace. d. shrunk.
Who was one of the first proponents of employing market economies instead of command economies?
A. Robert Heilbroner. B. Karl Marx. C. Jeffrey Sachs. D. Adam Smith.
The price of tea increases. Which of the following is NOT part of the likely chain of events that follows from this price change?
A. Tea leaf producers increase production. B. Tea leaf producers lay off some more workers. C. Tea leaf producers increase their production of tea. D. Some tea consumers reduce their consumption of tea.