The tax cuts of 2001 and 2003 that came in the form of tax rebate checks are good examples of ________ fiscal policy
A. universally discredited
B. non-discretionary
C. discretionary
D. non-conjunctive
Answer: C
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Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670The price elasticity of demand (based on the midpoint formula) when price decreases from $10 to $8 is
A. -1.60. B. -.63. C. -2.25. D. -1.16.
Everything else held constant, an increase in the money market fund ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
Which of the following would result in lower costs?
A. Lower prices for inputs B. Using fewer inputs per unit of output C. Increasing efficiency D. All of the above
Poverty rates among the elderly have risen in the past few decades.
Answer the following statement true (T) or false (F)