In 2009, the American Recovery and Reinvestment Act (ARRA) was an example of:
A. budget surplus.
B. fiscal restraint.
C. fiscal stimulus.
D. net exporting.
C. fiscal stimulus.
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If you hold $25 in cash, have $150 in a checking account, and have $250 in a savings account, how much of M2 do you have?
What will be an ideal response?
Electricity accounts for almost 20% of the cost of making steel. A 10% increase in electricity prices results in steel firms decreasing production and thereby demanding 5% less electricity
Over many years, technological innovations can change the way steel firms make steel and reduce the industry's energy requirements. This suggests that the steel industry's short-run elasticity of demand for electricity is probably A) less than one in absolute terms in the short run. B) less than its long-run elasticity of demand for electricity. C) Both A and B above. D) Neither A nor B above.
Which of the following measures is associated with an expansionary fiscal policy?
a. lowering consumption b. lowering taxes c. lowering government purchases d. decreasing investments
List three characteristics of a bond that would make its interest rate higher than otherwise