Government decreasing taxes is an example of:
A. expansionary fiscal policy.
B. contractionary fiscal policy.
C. expansionary monetary policy.
D. contractionary monetary policy.
A. expansionary fiscal policy.
You might also like to view...
Output supply is more responsive to price in the short run than in the long run. ?
Answer the following statement true (T) or false (F)
If a cartel firm is producing a quantity at which the marginal revenue is $4 and the marginal cost is $4, the firm ________.
A) is producing less than the agreed upon quantity B) is producing the agreed upon quantity C) has erected a barrier to entry D) has acted in self-interest
In one hour, George can fix 4 flat tires or type 200 words. His opportunity cost of fixing a flat tire is
a. 200 words b. 4 flat tires c. 1 word d. 50 words e. 800 words
The convergence hypothesis explains
A. the shrinking gap between income levels of poor and rich countries. B. the ability of firms to profit maximize and cost minimize. C. the willingness of countries to reduce environmental damage after an income level has been attained. D. the similarities between cultures.