Some fiscal policies are countercyclical
What will be an ideal response?
meaning they operate in the opposite direction to the business cycle (ex. if real GDP is decreasing, a countercyclical policy would be to increase government spending) and some are procyclical, which is the opposite. ationCn?%d
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A commitment strategy can:
A. be used to change people's payoffs to gain cooperation. B. allow players to reach a mutually beneficial equilibrium that would otherwise be difficult to maintain. C. result in a positive-positive outcome. D. All of these statements are true.
In general, less productive workers are paid less than more productive workers
a. True b. False Indicate whether the statement is true or false
State sales taxes are operated as a system of
A. ad valorem taxation. B. unit taxation. C. revenue minimizing taxation. D. income taxation.
Refer to the information provided in Table 8.6 below to answer the question(s) that follow.
Table 8.6
Refer to Table 8.6. If the firm is in a perfectly competitive industry with a market price of $15 per unit, the firm will produce ________ units and earn a profit of ________.
A. three; $10 B. five; $15 C. four; -$10 D. four; $10