Expansionary fiscal policy actions include __________ government spending and/or __________ taxes, while contractionary fiscal policy actions include __________ government spending and/or __________ taxes
A) increasing; increasing; decreasing; decreasing
B) decreasing; decreasing; increasing; increasing
C) increasing; decreasing; increasing; decreasing
D) decreasing; increasing; increasing; decreasing
E) increasing; decreasing; decreasing; increasing
E
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The productivity of workers in an economy is high if:
A) the economy has a negative rate of inflation. B) the economy has low capital stock. C) the economy has high levels of human capital. D) the economy has a large working age population.
The long run outcome of the monopolistically competitive firm:
A. occurs where price equals marginal cost. B. maximizes total surplus. C. creates welfare loss. D. does not maximize profits.
An example of a negative externality is:
A. smell of a pizza shop making pizza. B. the traffic created by a city hosting a popular event. C. people getting flu shots during flu season. D. All of these are examples of negative externalities.
You have a bond that pays $18 per year in coupon payments. Which of the following would result in a decrease in the price of your bond?
A) Coupon payments on newly-issued bonds fall to $15 per year. B) The likelihood that the firm issuing your bond will default on debt decreases. C) The price of a share of stock in the company rises. D) Coupon payments on newly-issued bonds rise to $22 per year.