Fiscal policy occurs when:
A. the government changes its plan for spending and taxing.
B. the Federal Reserve makes changes to the federal budget.
C. the government changes its plan for the money supply.
D. the government raises or lowers nominal interest rates.
Ans: A. the government changes its plan for spending and taxing.
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Refer to the scenario above. This is an example of ________
A) a mixed strategy game B) an ultimatum game C) a symmetric game D) a prisoners' dilemma game
Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will be the quantity of imports?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
The process of transferring Federal Reserve deposits among banks as paid checks is called
A. savings. B. check clearing. C. lending D. reconciliation.
A decrease in the personal income tax rate ________ disposable income, which ________ consumption.
A. increases; increases B. increases; decreases C. decreases; decreases D. decreases; increases