A key tool of countercyclical fiscal policy is
a. the interest rate
b. the federal funds rate
c. government spending
d. the regulatory code
e. Presidential executive orders
C
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If certification decreases supply and serves as a barrier to entry, it ________ the price and ________ market power of the suppliers already in the market.
A) decreases; decreases B) decreases; increases C) increases; increases D) increases; decreases
Apple has continued to be innovative to ensure that the demand for its products stays or becomes
a. More inelastic b. More elastic c. Unitary elastic d. None of the above
Which of the following was a component of the Freedom to Farm Act of 1996?
a. withholding of farm acreage from production b. shifting the food supply curve to the left c. fixed cash payments to farmers from 1996 to 2002 d. rewarding participating farmers by giving them some crops to sell e. reducing the cash amounts paid out as deficiency payments
The minimum wage is a good example of a price floor
Indicate whether the statement is true or false