Which of the following is a true statement?
A. Fiscal policy has been expansionary every year since 2000.
B. Fiscal policy has been contractionary every year since 2000.
C. Fiscal policy swung from expansionary to contractionary in 2002.
D. Fiscal policy swung from contractionary to expansionary in 2002.
Answer: A. Fiscal policy has been expansionary every year since 2000.
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Which of the following statements is true?
a. b and d. b. Total revenue is maximized when elasticity is one. c. Goods are said to be price inelastic when the elasticity is greater than two. d. Demand for milk is more elastic than demand for football tickets. e. Demand for 5-cent candy is more elastic than demand for sweaters.
Components of aggregate expenditure?
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A legislated tax on polluters based on the units of pollutant emitted
What will be an ideal response?