An expansionary fiscal policy is likely to result in
A) higher interest rates and lower private investment.
B) lower interest rates and higher private investment.
C) higher interest rates and higher private investment.
D) lower interest rates and lower private investment.
Answer: A) higher interest rates and lower private investment.
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The United States temporarily operated outside the production possibilities frontier in
A. 1933. B. 1943. C. 1973. D. 1982.
The Social Security tax is considered to be a
A) regressive tax. B) progressive tax. C) proportional tax. D) marginal tax.
Suppose a country, whose production and consumption of coffee is large relative to the world market, has just entered the global market. If the country is a net exporter of coffee, we would expect the world:
A. supply curve to shift more to the right than the world demand curve as a result. B. supply curve to shift more to the left than the world demand curve as a result. C. demand curve to shift more to the right than the world supply curve as a result. D. demand curve to shift more to the left than the world supply curve as a result.
The Gini coefficient for the United States from 1967 to 2016 shows
A. a decline over time in the trade-off between unemployment and inflation from 1967 to 2016. B. increased income inequality over time from 1967 to 2016. C. a weaker relationship over time between unemployment and inflation from 1967 to 2016. D. a closer relationship over time between job openings and the unemployment rate from 1967 to 2016.