Fiscal policy options can take the form of
A) Automatic fiscal policy instruments.
B) Open market operations.
C) Nuclear fiscal policy instruments.
D) All of the above.
Answer: A
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For most years since 1980, the natural unemployment rate was higher in Canada than in the United States. What possible explanation for some of this difference has been suggested?
What will be an ideal response?
Hooterville has seen its population grow by 200% over the past decade (10 years). Urban sprawl has occurred as city services have been extended to formerly rural areas. Mark's Manhole Cover Company, Inc has seen sales to the City of Hooterville triple during this period. This is most likely due to
a. increased manhole cover prices b. increased quantity supplied of manhole covers c. altered consumer expectations d. increased demand for manhole covers e. increased supply for manhole covers
According to supply-side economists, lowering corporate income taxes:
A. results in wage hikes for employees but no economic growth. B. moves society toward greater income equality. C. checks the expansion of real GDP and employment. D. stimulates investment and economic growth.
The statistical measure of a weighted average of prices of goods and services that firms produce and sell is known as
A. the producer price index (PPI). B. the inflation rate. C. the consumer price index (CPI). D. the Gross Domestic Product (GDP) deflator.