The recent trend internationally has been for the executive and legislative branches of elected governments to get more control over monetary policy, as has been the case in countries such as the United States
Indicate whether the statement is true or false
FALSE
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In perfect competition, what is the relationship between the demand for the firm's output and the market demand?
What will be an ideal response?
The ________ program was created in 1975 to provide rebates of Social Security taxes to low-income workers
A) food stamp B) SSI C) TANF D) EITC
The price elasticity of demand is important to firms because
a. it explains the relationship between income and demand for the goods they sell b. it shows how price changes affect total expenditures on the goods they sell c. the law of demand suggests that elasticity falls as total expenditures continuously rises d. it helps identify the equilibrium price and quantity in the market e. it relates price to supply
An expansionary fiscal policy
I. includes an increase in government spending. II. includes tax cuts. III. increases a government budget deficit or reduces a government budget surplus. A) I, II, and III B) I and II only C) I and III only D) II and III only