Which of the following would be an example of contractionary fiscal policy?
A. Congress enacts economic sanctions on North Korea.
B. Congress increases the corporate tax rate by 3 percent.
C. Congress decreases the rate for the top income tax bracket by 5 percent.
D. Congress increases infrastructure spending by 2 percent.
Answer: B
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After experiencing its first budget surplus in 30 years in 1998, for how many consecutive years following that did the budget remain in a surplus state?
A) 1 B) 2 C) 3 D) 4
Capital is to investment as
a. hard is to soft. b. a flow is to a stock. c. a stock is to a flow. d. paper is to metal.
If the Fed increases the money supply and people fully anticipate this change, they will immediately incorporate the disinflationary impact of the Fed's policies into their current wage and price decisions
a. True b. False Indicate whether the statement is true or false
The labor demand curve shows how many workers the firm is willing to hire
A. at any particular time. B. at a particular amount of labor supplied. C. at any given wage. D. when demand for the firm's output is low. E. into high-skill jobs.