Fiscal policy has a short implementation lag compared to monetary policy
a. true
b. false
Answer: b. false
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Explain which of the following government policies would tend to make more sense in terms of consumer protection: The licensure of interior designers or the licensure of pharmacists
What will be an ideal response?
Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting profit of $3000 . What is the firm's fixed costs?
a. $9,000 b. $10,000 c. $11,000 d. $12,000
Economists emphasize the importance of ____ in analyzing demand
a. quantity b. market potential c. wants and needs d. price e. sales opportunities
Fiscal policy is determined by
A) the Federal Reserve. B) the president and the Federal Reserve. C) Congress and the Federal Reserve. D) Congress and the president.