Discretionary fiscal policy differs from automatic stabilizers because discretionary policy ______.
a. occurs at the state level
b. is set by the Federal Reserve
c. is deliberate
d. cannot be changed
c. is deliberate
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If the government provides universal health? insurance, what screening process will the government? need?
A. It? won't need a screening test. B. It? won't use screening tests but it will use signals. C. It will only give health insurance to nonminussmokers. D. It? won't use screening tests but it will use statistical discrimination.
In a prison, cigarettes are used as a medium of exchange. In this scenario, a cigarette is an example of: a. near money
b. fiat money. c. fiduciary money. d. commodity money.
Suppose a private monopolist is supplying a good that is nonrival but excludable. The market demand for the good is P = 24 - 3Q. If the marginal cost of providing this good is zero, but the firm charges $18, then the monopolist will provide ________ units, and the efficient number of units is ________.
A. 2; 2 B. 2; 8 C. 6; 8 D. 4; 2
A movement along the supply curve might be cause by a change in
a) production technology b) input prices c) expectations about future prices d) the price of the good or service that is being supplied