Which of the following is an example of a federal mandate?
A) the Medicaid program B) an excise tax
C) the personal tax exemption D) the Food and Drug Administration (FDA)
A
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If a lower exchange rate spurs exports then why wouldn't it be a good idea of policymakers to intervene to push the exchange rate as low as they can?
What will be an ideal response?
Was the money multiplier stable during the Great Recession? Why would an unstable money multiplier pose a problem for monetary policy?
What will be an ideal response?
Use the graph below to identify the efficiency loss when there is underproduction (Q1) and the efficiency loss when there is overproduction (Q3) in a market
Both price supports and a price floor can
A) create a deadweight loss. B) decrease output below the equilibrium quantity. C) decrease the price below the equilibrium price. D) increase consumer surplus. E) have no effect on producer surplus.