Which of these is an example of a fiscal policy?
a. Allocation of funds for Social Security programs
b. Purchase of foreign securities by the Fed
c. Printing of new dollar notes
d. Sale of U.S. Treasury bonds in the open market by the Fed
a
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Refer to Figure 13-2. Ceteris paribus, an increase in the expected price of an important natural resource would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Marginally attached workers
A) are not looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. B) are working part-time, but they want full-time work. C) don't have jobs and are pessimistic about their chances of finding a suitable job. D) have a bad attitude towards work.
The wage gap between high school and college graduates can be explained, other things the same, by ________
A) a greater increase in the demand for high school educated labor than college-educated labor B) a greater increase in the supply of college-educated labor than high school educated labor C) a greater increase in the demand for high school educated labor than in the supply of high school educated labor D) a greater increase in the demand for college-educated labor than high school educated labor
Economic theory assumes that the goal of firms is to maximize
a. sales b. total revenue c. profit d. price e. utility