Expansionary fiscal policy ________ the price level and ________ equilibrium real GDP
A) increases; decreases B) decreases; increases
C) decreases; decreases D) increases; increases
D
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In which of the following situations would it be the most difficult to keep the water in a river flowing?
A) as it passes from one city to another city in the same county B) as it passes from one county to another county in the same state C) as it passes from one state to another state in the same country D) as it passes from one country to another country
If Big Dogs, a hot dog producer, purchases delivery trucks to deliver their hot dogs to local grocery stores, this is an example of ________.
A) outsourcing B) forward integration C) backward integration D) divestiture
Restrictions that limit sugar imports, subsidies for the construction of sports stadiums, and federal spending on programs like the construction of an indoor rain forest in Iowa all provide examples of government programs
a. based on careful analysis of benefits relative to cost. b. designed to redistribute income from the rich to the poor. c. that reflect the political attractiveness of special-interest issues. d. that promote the general welfare.
The extremely high salaries of professional football players taken first in the draft are mostly associated with ___________.
Fill in the blank(s) with the appropriate word(s).