Fiscal policy may be used to slow an expansion in order to fight ______.
a. inflation
b. deflation
c. unemployment
d. stagnation
a. inflation
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For the federal deficit to be lowered
A) the Federal Reserve must reduce the money supply. B) the federal government must decrease its spending and increase net exports. C) the federal government's expenditures must be lower than its tax revenue. D) the Federal Reserve must raise interest rates and lower the required reserve ratio.
How does the distribution of wealth differ from the distribution of income in the United States?
What will be an ideal response?
The real costs of inflation to society include:
A. lost purchasing power of income. B. an increase in the general level of prices. C. interference with long-term planning. D. higher relative prices.
Suppose that in a computer factory, if there is 1 worker, 80 computers are produced per week. If there are 2 workers, 150 computers are produced per week. If there are 3 workers, 200 computers are produced per week. Given this information, the marginal product of the third worker is
A. 60 computers per week. B. 50 computers per week. C. 210 computers per week. D. 70 computers per week.