Which of the following is NOT related to fiscal policy?
A) increasing government expenditures B) decreasing marginal tax rates
C) passage of new securities laws D) reducing the budget deficit
C
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Which of the following best represents total saving?
A) T - (G + TR) B) (Y - TR) + I C) (Y - C - G - NX) D) (Y + TR - T) + C
If demand increases while supply decreases, then the equilibrium price
A) always increases. B) always decreases. C) may increase, decrease, or stay the same. D) never changes.
"Since the wind and the flowing rivers can take away industrial waste without charge, polluting is a profitable activity even when people are seriously harmed downwind or downstream, unless environmental regulators stop it." This statement is
a. false if the property rights of downwind or downstream individuals are protected. b. true if the property rights of industrialists are enforced. c. never true. d. always true.
An expansionary fiscal policy will
A) always result in a budget deficit. B) always result in a budget surplus. C) sometimes result in a budget deficit. D) never result in a budget surplus. E) More information is necessary to answer this question.