An expansionary fiscal policy:
a. may include reductions in taxes.
b. may include discretionary increases in transfer payments.
c. may include increases in government spending.
d. All of the answers are correct.
d
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________ will increase current consumption, saving, and future consumption
A) an increase in future income B) an increase in initial wealth C) an increase in current income D) a decrease in the real interest rate
In general, raising taxes has:
A. increasing returns to revenue. B. diminishing returns to revenue. C. increasing then decreasing returns to revenue. D. constant returns to revenue.
As of 2009, M2 had a value of more than ______ dollars
a. $8 trillion. b. $1 trillion. c. $5 trillion. d. $3 trillion. e. $14 trillion.
When manufacturers and distributors establish credible commitments to one another, they often employ
a. vertical requirements contracts b. third-party monitoring c. credible threat mechanisms d. non-price tactics