The portion of the Obama stimulus package that cut taxes is best thought of as
A. discretionary (and contractionary) fiscal policy.
B. monetary policy.
C. nondiscretionary fiscal policy.
D. discretionary (and expansionary) fiscal policy.
Answer: D
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If net interest and net transfers are zero, and a country's exports exceed its imports, the country definitely has ________
A) a current account surplus B) a current account deficit C) a capital and financial account surplus D) an official settlements account surplus
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6
Bill could increase his utility by: A) increasing Pepsi consumption and reducing hamburger consumption. B) increasing hamburger consumption and reducing Pepsi consumption. C) maintaining his current consumption choices. D) We do not have enough information to answer this question.
"Leaning against the wind" is exemplified by a(n)
a. tax increase when there is a recession. b. increase in the money supply when there is a recession. c. decrease in government expenditures when there is a recession. d. All of the above are correct.
Economists have found that as a nation's per capita real Gross Domestic Product (GDP) increases
A. the rate of population growth increases at the same rate as economic growth. B. there is no effect on population growth. C. the rate of population growth declines. D. the rate of population growth experiences dramatic increases.