Fiscal restraint will definitely occur if the government:
A. Reduces its spending and reduces tax rates.
B. Reduces its spending and increases tax rates.
C. Increases its spending and reduces tax rates.
D. Increases its spending and increases tax rates.
B. Reduces its spending and increases tax rates.
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Reducing a tariff on a particular good does which of the following? a. It decreases the price of the domestic good to domestic consumers
b. It increases the price of the good to domestic consumers. c. It redistributes income away from domestic producers toward domestic consumers. d. both (a) and (c)
The liquidity-preference model was first introduced in:
A. 2008 by Ben Bernanke. B. 1776 by Adam Smith. C. 1936 by John Maynard Keynes. D. 1970 by John Kenneth Galbraith.
Which of the following most characterizes monopolistic competition?
A. Price leadership. B. Price discrimination. C. Economies of scale. D. Product differentiation.
A dollar-amount increase that has not been adjusted for inflation is called
A. a real increase. B. an inflationary increase. C. a net increase. D. a nominal increase.