The fiscal agent of the U.S. government is the
A. Federal Reserve System.
B. Securities and Exchange Commission.
C. U.S. Treasury.
D. Congress.
Answer: C
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__________ are conclusions or judgments about some issue or matter
a. Criteria b. Decisions c. Influences d. Problems
A tax that creates an excess burden may nevertheless improve efficiency if
a. consumption of the good has been generating beneficial externalities. b. consumption of the good has been generating no externalities. c. consumption of the good has been generating detrimental externalities. d. the good has been supplied by a monopolist.
If average product is increasing, then marginal product
A. cannot be decreasing. B. must be increasing. C. must be greater than average product. D. must be less than average product. E. both a and c
If government spending were to increase we expect that the aggregate demand curve will:
A. shift to the right. B. remain unchanged but the economy will move down along the curve to a higher quantity. C. remain unchanged but the economy will move down along the curve to a lower quantity. D. shift straight down.