The 1980s were characterized by ________ monetary policy and ________ fiscal policy
A) tight; easy
B) tight; tight
C) easy; easy
D) easy; tight
A
You might also like to view...
The price system eliminates scarcity
a. True b. False Indicate whether the statement is true or false
Normative economics is more important than positive economics.
A. True B. False C. Uncertain
Suppose a firm has an annual budget of $200,000 in wages and salaries, $75,000 in materials, $30,000 in new equipment, $20,000 in rented property, and $35,000 in interest costs on capital. The owner/manager does not choose to pay himself, but he could receive income of $90,000 by working elsewhere. The firm earns revenues of $360,000 per year. What is the economic profit for the firm described above?
A. -$90,000. B. $0. C. $200,000. D. $90,000.
The 2001 and 2003 tax cuts of the George W. Bush administration each had provisions to
A. lower the earned income tax credit. B. raise tax rates at the upper end. C. raise tax rates at the lower end. D. increase (or speed up the already scheduled increase in) the child tax credit.