If inflation is the most significant issue in the economy, an appropriate fiscal policy response would be to decrease taxation
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
A farm worker gets paid today in money, but plans to spend the money next week. This illustrates which function of money?
A) medium of exchange B) standard of deferred payment C) store of value D) unit of account
For a typical consumer, most indifference curves are downward sloping
a. True b. False Indicate whether the statement is true or false
The accompanying figure shows the production possibilities curve for the island of Genovia:
The opportunity cost of producing a car in Genovia is:
A. 50 tons of agricultural products. B. 5 tons of agricultural products. C. 5,000 tons of agricultural products. D. 500 tons of agricultural products.
The financial system:
A. gathers information about the economy in an effort to inform the public. B. brings together savers and borrowers in a set of interconnected markets where people trade a variety of financial products. C. connects the government to those truly in need of public services. D. is used to help individuals keep track of the general price level.