Which of the following measures is associated with an expansionary fiscal policy?
a. lowering consumption
b. lowering taxes
c. lowering government purchases
d. decreasing investments
b
You might also like to view...
Gaming refers to a situation where:
A. employees increase output to gain commissions beyond the firm's capacity. B. employees consistently understate the target levels in order to meet them. C. employers fix unachievable output and target levels. D. employees inappropriately increase output to gain commissions.
These are the cost and revenue curves associated with a monopolistically competitive firm.
According to the graph shown, the monopolistically competitive firm will charge a price:
A. P3 in the long run, and earn zero profits. B. P2 in the short run, and earn positive profits. C. P2 in the long run, and earn zero profits. D. P3 in the short run, and earn positive profits.
Refer to the information provided in Figure 4.3 below to answer the question(s) that follow.
Figure 4.3Refer to Figure 4.3. Retailers will have an excess supply of pencils if the government will not allow retailers to charge less than ________ for a pencil.
A. $0.50 B. $0.45 C. $0.40 D. the equilibrium price
Dumping raw sewage into Boston Harbor is an example of
a. a negative externality b. a positive externality c. a private cost d. a sunk cost e. an inverse cost