An example of contractionary fiscal policy is
A) an increase in government expenditures, or an increase in taxes, or both.
B) a decrease in government expenditures, or a decrease in taxes, or both.
C) an increase in government expenditures, or a decrease in taxes, or both.
D) a decrease in government expenditures, or an increase in taxes, or both.
E) increasing government expenditures while holding taxes constant.
D
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Which of the following conditions holds in an economically efficient competitive market equilibrium?
A) Producer and consumer surplus are exactly equal in size. B) There are no positive and no negative external effects from consumption and production. C) The deadweight loss is positive but at a minimum. D) The marginal benefit of the last unit produced and consumed is maximized.
Experts predict that the future structure of the U.S. banking industry will have
A) an increased number of banks. B) as few as ten banks. C) several thousand banks. D) a few hundred banks.
Contrary to many researchers' views, Hurst (1969) claims the government needed private investors to fund internal improvements
Indicate whether the statement is true or false
An industry in which a few firms make almost all of the market sales is called:
A. a monopsony. B. a monopoly. C. an oligopoly. D. a perfectly competitive market.