If an economy is in an equilibrium with an inflationary gap, policymakers can use
A) discretionary fiscal policy and decrease government expenditure.
B) automatic fiscal policy and increase government expenditure.
C) discretionary fiscal policy and cut taxes.
D) automatic fiscal policy and cut taxes.
E) discretionary fiscal policy and increase government expenditure.
A
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What would be an example of consumption good?
A) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. B) The local driver's license office purchases a new digital camera and printer. C) Rhianna gets a haircut. D) Jake buys an iPhone. E) Donald Trump purchases furniture for his office.
Stocks and bonds are examples of:
a. natural resources. b. financial capital. c. physical capital. d. financial labor. e. internal capital.
The supply curve of money is horizontal at the market interest rate.
a. true b. false
Scarcity is
A. a permanent human condition relative to the nearly limitless nature of human desires. B. a situation of shortage after a hurricane. C. represented by long lines at stores. D. the same thing as poverty.