When the government conducts activist fiscal policy, what type of spending does it usually use?
A. entitlement and mandatory spending
B. net interest spending
C. discretionary spending
D. strategic spending
Answer: C
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Economic incentives are designed to make individual self-interest coincide with social interest. According to economists, which of the following methods of pollution control best uses economic incentives to reduce pollution?
A) imposing quantitative limits on the amount of pollution and imposing a penalty for non-compliance with these limits B) rewarding environmental groups for monitoring the activities of private firms that produce products which generate pollution C) requiring the installation of specific pollution control devices D) instituting a system of tradable emission allowances
If Q = K2L2 the MPL is
a. constant b. diminishing c. increasing
According to the aggregate supply drawn under the monetarist view, which of the following would lead to a higher price level?
A. The purchase of bonds in the open market by the Fed. B. An increase in the discount rate. C. An increase in the reserve requirement. D. A decrease in the money multiplier.
More than one in four African-Americans lives in poverty.
Answer the following statement true (T) or false (F)