The deliberate change in taxes, transfer payments, or government expenditures to achieve macroeconomic policy objectives is known as
A) expansionary fiscal policy.
B) contractionary fiscal policy.
C) discretionary fiscal policy.
D) automatic stabilizers.
C
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Refer to Figure 3-2. A decrease in the expected future price of the product would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.
What three critical factors or preconditions turned a national, U.S. problem into a global financial crisis in 2007. Be sure to address the role securitization played and how it affected regulators
What will be an ideal response?
The marginal cost will intersect the average variable cost curve
A) when the average variable cost curve is rising. B) where average variable cost curve equals price. C) at the minimum point of the average variable cost curve. D) The two will never intersect.
If a firm has no ability to select the price of its product, it:
a. will go out of business due to losses. b. is a price-maker. c. cannot maximize profit. d. has a horizontal individual demand curve.