Expansionary fiscal policy consists of:
a. increased government purchases and increased taxes.
b. decreased government purchases and decreased taxes.
c. decreased government purchases and increased taxes.
d. increased government purchases and decreased taxes.
d
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As the average annual inflation rate ________, the volatility of inflation tends to ________
A) decreases; increase B) increases; increase C) increases; remain stable D) decreases; remain stable
According to Rosenberg (2004), the U.S. economy between the Civil War and World War II was relatively poor in which of its productive resources?
(a) Land (b) Labor (c) Capital (d) Entrepreneurial talent
If the demand curve for economics textbooks shifts to the left, then the value of the marginal product of labor for economics textbook authors will
a. rise. b. fall. c. remain unchanged. d. rise or fall; either is possible.
Unrestricted entry and exit into the market is found in
A. perfect competition, monopolistic competition and oligopoly. B. perfect competition and oligopoly. C. monopolistic competition and oligopoly. D. perfect competition and monopolistic competition.