The American Recovery and Reinvestment Act of 2009 called for:
A. a return to the gold standard.
B. reductions in government spending and tax increases.
C. the purchase of assets and equity from troubled financial institutions.
D. increases in government spending and tax cuts.
Answer: D
You might also like to view...
Which of the following transactions represents the purchase of a final good or service?
A) General Motors purchases tires from Goodyear to install on its new Chevy Suburbans. B) Aunt Matilda buys a new convection oven for her condo in Boca Raton. C) Dunkin' Donuts purchases coffee beans. D) Tiffany's buys platinum wire to use in the production of its necklaces.
Both the principles of rivalry and mutual excludability apply for club goods
a. True b. False Indicate whether the statement is true or false
If the price elasticity of supply is 0.75, it would imply that a _____
a. a 100 percent increase in price would increase the quantity supplied by 75 percent b. doubling of the price would increase the quantity supplied by 175 percent c. 50 percent increase in price would increase the quantity supplied by 25 percent d. 75 percent increase in price would increase the quantity supplied by 100 percent e. 120 percent increase in price would increase the quantity supplied by 90 percent
The opportunity costs associated with the use of resources owned by a firm are usually
a. externalities. b. implicit costs. c. explicit costs. d. sunk costs.