Fiscal policy that the government actively chooses to adopt is called:
A. discretionary fiscal policy.
B. automatic stabilizing policy.
C. contractionary policy.
D. monetary policy.
Answer: A
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In Portney's analysis of the 1990 Clean Air Act Amendments (CAAA), his estimates suggest that
a. more resources should be allocated to air quality control b. the associated MSB exceed the MSC c. society would be better off with less regulation of air quality d. the TSC outweigh the TSB
Keynes suggested that the short-run aggregate supply (SRAS) curve
A) is vertical. B) is horizontal. C) slopes downward. D) is not a relevant concept.
Henri earned a salary of $50,000 in 2001 and $70,000 in 2006 . The consumer price index was 177 in 2001 and 265.5 in 2006 . Henri's 2006 salary in 2001 dollars is
a. $35,000.00. b. $46,666.67. c. $61,950.00 d. $105,000.00.
In a market system, the most dangerous types of bankruptcies involve
A. industrial monopolies. B. multinational firms. C. employment agencies. D. financial institutions.