All the following actions represent fiscal policy EXCEPT
A) an increase in government spending.
B) a reduction in individual income tax rates.
C) a reduction in the money supply by the Federal Reserve.
D) an increase in corporate income tax rates.
C
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The figure above shows the demand and supply of dollars in the foreign exchange market. At a price of 1.20 Brazilian reals per dollar
A) there will be a shortage of dollars. B) $120 billion dollars will be supplied. C) $40 billion dollars will be demanded. D) there will be a surplus of dollars.
The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the apartment. The management knows that the apartments are high in demand and renters would be willing to be $1000 per month for them. The management decides to only offer the furniture and apartment together for rent. This is an example of
a. Tying b. Bundling c. Exclusion d. Fraud
If income were equally distributed among households,
a. each household's relative share of income would increase. b. each household's relative share of income would decrease. c. the top fifth of households would have 50 percent of the income. d. 50 percent of the households would receive exactly 50 percent of the income.
Why is the demand curve for labor downward-sloping? What causes the labor demand curve for a firm to shift?
What will be an ideal response?