Most economists believe that fiscal policy is:
A. Better than monetary policy for "fine-tuning" the economy
B. Better than monetary policy for month-to-month stabilization
C. Not as good as monetary policy for month-to-month stabilization
D. Not very good at pushing the economy in a particular direction
C. Not as good as monetary policy for month-to-month stabilization
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The presence of ________ creates a difference in the value between the market price and the factor cost of a product
A) indirect taxes and consumption B) subsidies and direct taxes C) corporate profits and subsidies D) indirect taxes and subsidies
Positive economic analysis is said to be
A) true. B) right. C) value-laden. D) objective.
The simple leverage ratio is defined as:
a. Depreciation of an asset / Value of an asset b. Current assets / current liabilities. c. Equity of an asset / Value of an asset d. Value of an asset / Equity of an asset. e. Equity of an asset / Original cost of an asset.
Suppose you are a mayor of a city with a police force of 100 and an annual budget of $8 million. Now suppose your police chief asks for an additional officer with an additional annual expenditure of $50,000 for salary, benefits, and equipment. If you are thinking like an economist, you will agree to the request if the chief can demonstrate that
A. the additional officer will produce at least $50,000 worth of extra safety annually. B. the average amount of safety produced per officer is more than $50,000. C. the total amount spent on police protection is worth $8,050,000. D. crime will be reduced.