In the short run, expansionary fiscal policy usually will
A) decrease the price level and decrease real GDP. B) increase the price level and increase real GDP.
C) decrease the price level and increase real GDP. D) increase the price level and decrease real GDP.
B
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The figure above shows the market for annual influenza immunizations the United States. The efficient quantity of immunizations is
A) 14 million per year. B) 10 million per year. C) Between 14 and 21 million per year. D) Less than 10 million per year. E) 22 million per year.
A key objective of a government safety net for the banking system is to ensure ________
A) that the poor have access to bank services B) an efficient allocation of credit C) bank profitability D) that depositors always believe that their money is safe in the bank
The practice of tying is used to
a. enhance the enforcement of antitrust laws. b. encourage the enforcement of collusive agreements. c. control the retail price of a collection of related products. d. package products to sell at a combined price closer to a buyer's total willingness to pay.
Why would a candidate for political office speak in general instead of specific terms?
A) Because he or she believes voters want to hear generalities, not specifics. B) Because he or she believes voters are too busy to listen to specifics. C) Because he or she believes that specifics are too likely to label him or her as a member of an extreme-wing, and politically this would be undesirable. D) Because it is cheaper to get the message out if it is worded in general instead of specific terms.