A biennial budget:
a. is more useful than an annual budget as a tool of discretionary fiscal policy
b. is implemented by the federal government, while an annual budget is implemented by state governments.
c. would ensure that cabinet members spend more time on administering an approved budget and defending a proposed budget.
d. would encourage cabinet members to focus more on running their agencies rather than being involved in budget deliberations.
e. would require shorter-term economic forecasts than an annual budget.
d
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During a recession, there is a(n) ________ the short-run Phillips curve, while during an expansion there is a(n) ________ the short-run Phillips curve
A) upward movement along; downward movement along B) movement closer to; movement further from C) downward movement along; upward movement along D) leftward shift of; rightward shift of E) rightward shift of; leftward shift of
In the above figure, if the real interest rate is 6 percent, the quantity of loanable funds demanded is
A) $150 billion. B) $300 billion. C) $450 billion. D) $600 billion.
Assume that yields on bonds (rate of return) begin to fall while the stock market is booming, what should we see happen to the demand and price of stocks and why?
What can we say about the opportunity cost of holding on to bonds in this situation?
Microsoft found that instead of producing a dvd player and a gaming system separately, it is cheaper to incorporate dvd playing capabilities in their new version of the gaming system. Microsoft is taking advantage of
a. Economies of Scale b. Learning curve c. Economies of Scope d. Decreasing marginal costs