________ --the use of federal budget to achieve macroeconomic objectives such as full employment, sustained economic growth, and the price level stability--is made by ________ on an annual timeline.
Fill in the blank(s) with the appropriate word(s).
Fiscal policy is;
the President and Congress
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People expect that the exchange rate for the dollar will rise from 90 yen per dollar to 111 yen per dollar in a month. As a result
A) the supply curve of dollars shifts leftward. B) the supply curve of dollars shifts rightward. C) the demand curve for dollars shifts leftward. D) there is a downward movement along the supply curve of dollars.
When economists refer to the "brain drain" in developing countries what do they mean?
What will be an ideal response?
The point of maximum profit for a business firm is where:
a. P = AC. b. TR = TC. c. MR = AR. d. MR = MC. e. TR = MR.
Farmers can produce wheat and/or rice. What will happen in the wheat market if there is an increase in the price of rice?
a. Wheat supply will increase. b. Wheat supply will decrease. c. Wheat demand will increase. d. Wheat demand will decrease.