Fiscal policy can be offset by the actions of each of the following EXCEPT:

A. businesses.
B. consumers.
C. Congress.
D. The Federal Reserve.


Answer: C. Congress.

Economics

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The addition to total revenue resulting from one more unit of output is called marginal revenue

a. True b. False Indicate whether the statement is true or false

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In the modern Keynesian model, over much of its range the short-run aggregate supply (SRAS) curve is

A. downward sloping. B. vertical. C. upward sloping. D. horizontal.

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If planned investment exceeds actual investment

A. there will be a decline in inventories. B. there will be an accumulation of inventories. C. there will be no change in inventories. D. none of the above.

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The international organization that serves as a forum for trade discussions and the development of trade rules is called

A) the WTO. B) the World Bank. C) the IMF. D) Bretton Woods. E) the United Nations.

Economics