Increasing the transfers from workers to the unemployed counts as:
A) fiscal policy.
B) monetary policy.
C) neither fiscal nor monetary policy.
D) both fiscal and monetary policy.
Ans: C) neither fiscal nor monetary policy.
You might also like to view...
The opportunity cost of a good increases as more of it is produced because
A) producing more of a good requires additional resources. B) the number of forgone alternatives also increases. C) resources are not equally productive in all activities. D) people want the good less as more is produced. E) there is no such thing as a free lunch.
An industry's typical percentage markup
a. should be expected to fluctuate wildly from year to year b. equals 1 - (average cost per unit/average revenue per unit) c. is determined by collusion d. is of price concern for the macroeconomy e. is relatively low if there is fierce competition among firms.
Studies of discrimination in baseball suggest that black players
a. suffered from discriminatory wage differentials several decades ago and those wage differentials persist today. b. suffered from discriminatory wage differentials several decades ago but those wage differentials have been eliminated. c. did not suffer from discriminatory wage differentials several decades ago but in recent years wage differentials have become evident. d. did not suffer from discriminatory wage differentials in the past and they do not suffer from wage differentials today.
Under the rational expectations hypothesis, which of the following is the most likely short-run effect of a move to expansionary monetary policy?
A. a higher general level of prices but no change in real output B. a higher general level of prices and an expansion in real output C. no change in the general level of prices and a reduction in real output D. no change in either the general level of prices or real output