Which of the following is an example of expansionary fiscal policy?
A. Increase taxes.
B. Decrease government spending.
C. Increase government spending.
D. Increase taxes and decrease government spending equally.
Answer: C
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Over the past several decades, the United States has devoted a greater fraction of its resources to consumption than Hong Kong, which is why the U.S. economy grew faster than Hong Kong's economy
Indicate whether the statement is true or false
Keynes assumed that money has ________ rate of return
A) a positive B) a negative C) a zero D) an increasing
The primary area of growth in the modern U.S. economy is
a. the manufacturing sector. b. the agricultural sector. c. the service sector. d. the market for U.S. exports.
Refer to the above table. Which of the four people have utility schedules characterized by the law of diminishing marginal utility?
A. Dave and Kate only B. Dave only C. Amy and Brook only D. Amy, Brook, and Kate only