If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy?
A) an increase in oil prices
B) an increase in taxes
C) an increase in government spending
D) a decrease in the money supply and an increase in the interest rate
B
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The marginal product of labor curve can be shifted to the right by
a. improved technology b. additional physical capital c. improved human capital d. all of the above e. none of the above
A foreign exchange swap
A) is a spot sale of a currency. B) is a forward repurchase of the currency. C) is a spot sale of a currency combined with a forward repurchase of the currency. D) is a spot sale of a currency combined with a forward sale of the currency. E) make up a negligible proportion of all foreign exchange trading.
The demand curve represents the relationship between:
A. price and quantity demanded with everything else held constant. B. income and quantity demanded with everything else held constant. C. consumer preferences and quantity demanded with everything else held constant. D. income and price demanded with everything else held constant.
Bonnie volunteers to help make floral arrangements at a flower shop. She is an example of
A) entrepreneurial ability. B) labor. C) physical capital. D) human capital.