the use of government taxes and spending to alter macroeconomic outcomes
What will be an ideal response?
fiscal policy
Economics
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Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals
A) 10. B) 1/5. C) 2. D) 8. E) 5.
Economics
Most of the direct spending at the state government level is on
A. Transportation. B. Public safety. C. Defense. D. Education.
Economics
An application of behavioral economics is:
A. rational cost-price decision making. B. price inconsistency. C. forgetting the fungibility of money. D. All of these are applications of behavioral economics.
Economics
In a world without transactions costs, how will a change in property rights affect
(i) economic efficiency, (ii) the distribution of income, and (iii) the allocation of resources? Explain, using the Weak and Strong Coase Theorems.
Economics