Structural policy refers to:
A. policy directed toward increasing exports and reducing imports.
B. decisions to determine the government's budget.
C. government policies aimed at changing the underlying structure or institutions of the economy.
D. the determination of the nation's money supply.
Answer: C
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Federal government outlays include ________
A) transfer payments, grants to states, interest payments on the national debt and income tax revenues B) grants to states, interest payments on the national debt, income tax revenues and government purchases C) interest payments on the national debt, income tax revenues, government purchases and transfer payments D) government purchases, transfer payments, grants to states and interest payments on the national debt
Average costs curves initially fall
a. Due to declining average fixed costs b. Due to rising average fixed costs c. Due to rising fixed costs d. Due to rising marginal costs
How much should a bank charge for a loan, if the anticipated inflation rate is 2 percent, and the bank wants to earn 4 percent on this $1,000,000 loan?
A. 6 percent B. 0 percent C. $20,000 D. $10,000