Economist B says all of the following: The economy needs expansionary fiscal policy to remove it from a recessionary gap. Government should either raise its __________ or cut _________________. I believe the tax multiplier is larger than the government spending multiplier, so I suggest government ___________________

A) taxes; spending; cut taxes
B) spending; taxes; cut taxes
C) taxes; spending; raise spending
D) spending; taxes; raise spending
E) none of the above


B

Economics

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If the face value of a bond is $10,000,000, the coupon rate is 7%, and the inflation rate is 4%, then the annual coupon payment made to the holder of the bond is

A. $400,000. B. $700,000. C. $70,000. D. $300,000.

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If the price elasticity of demand for a good is greater than one in absolute terms, we say that demand is

A) elastic. B) inelastic. C) perfect. D) vertical.

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Which of the following taxes is most likely to be shifted?

a. a property tax on an owner-occupied residence b. a progressive income tax c. a flat-rate state income tax d. a general sales tax

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Think about opportunity coast in this question: A fish hatchery raises brook trout and rainbow trout. An increase in the market price of brook trout therefore tends to

What will be an ideal response?

Economics