The decision about whether to use tax or spending mechanisms to implement expansionary fiscal policy is, in part, a ________________ decision rather than a purely economic one.
a. individual
b. political
c. local
d. state
b. political
You might also like to view...
In the above figure, as output increases from 0 units to 10 units to 20 units to 30 units, the deadweight loss
A) falls. B) falls at first, then rises. C) rises. D) rises at first, then falls.
All of the following are true for sequential games except which one?
A) Backward induction can be used to determine the Nash equilibrium of sequential games. B) Forward induction can be used to determine the Nash equilibrium of sequential games. C) A classic example of a sequential game is an entry game. D) Sequential games are illustrated as game trees.
The income elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in income
a. True b. False Indicate whether the statement is true or false
To correct a nominal quantity for changes in the price level, one should:
A. add a price index to it. B. divide it by a price index. C. subtract a price index from it. D. multiply it by a price index.