An example of expansionary fiscal policy is
A) an increase in government spending, or an increase in taxes, or both.
B) a decrease in government spending, or a decrease in taxes, or both.
C) an increase in government spending, or a decrease in taxes, or both.
D) a decrease in government spending, or an increase in taxes, or both.
E) holding government spending constant while increasing taxes.
C
You might also like to view...
An inflationary GDP gap is the amount by which ________ exceeds ________.
A. equilibrium GDP; full-employment GDP B. potential GDP; actual GDP C. equilibrium output; actual output D. full-employment GDP; potential GDP
Say a firm that sells its product at a price of $20 is using 20 units of labor. If the marginal product of the last unit of labor hired was 10, and the firm pays each worker a wage of $40, then this firm should
A. hire more workers. B. keep the same number of workers. C. decrease the number of workers. D. decrease its output.
According to the Swiss Institute for Management Development, the top country in terms of productive efficiency is
A) Germany. B) Japan. C) Switzerland. D) the United States.
Risk is typically measured:
a. by comparing the size of a firm to other firms operating in the market. b. by looking at the economic profit that a firm has earned in the past few years. c. by determining whether the bonds issued by a firm are of high or low value. d. by comparing how much the stock price fluctuates compared with an average firm. e. by comparing how much the price of the bond falls whenever the price of a firm's product rises.