Fiscal policy consists of
a. taxes and interest rates.
b. government purchases and defense spending.
c. the money supply and taxes.
d. taxes and government spending.
d
You might also like to view...
A. What is the defining characteristic of a natural monopoly?
b. Should the government break up a natural monopoly into two or more firms to make the industry more competitive? c. Suppose the government wants to ensure that some of the benefits of declining average total cost are passed on to consumers. To achieve this goal, it requires that the natural monopoly set its price equal to marginal cost. Is this a feasible goal? Explain. d. What is an alternative to marginal cost pricing that ensures that consumers reap some of the benefits of declining average total cost?
If a good is price elastic, a decrease in price will:
A) decrease total revenue. B) increase total revenue. C) not affect revenue. D) none of the above.
In recession years, ________ jobs are lost than created, and vacancies and job openings ________
A) more; increase B) more; decline C) fewer; decline D) fewer; increase
A headline reads "Good weather increases the lettuce crop." This situation would lead to a(n):
a. Decrease in the price of lettuce and an increase in the quantity purchased b. Increase in the price of lettuce and quantity purchased c. Decrease in the price of lettuce and decline in quantity purchased d. Increase in the price of lettuce and decrease in quantity purchased