An example of expansionary fiscal policy is
A) increasing government expenditures.
B) increasing taxes.
C) decreasing government expenditures.
D) decreasing taxes.
E) a and d
E
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The figure above illustrates the marginal private cost and the marginal social cost to the city of Seattle for each rock concert that is offered. If 5 concerts are put on, then the
A) marginal external cost will be greater than the marginal social cost. B) marginal external cost will be greater than the marginal private cost. C) marginal external cost will equal the marginal private cost. D) marginal social cost will equal the marginal external cost. E) marginal external cost will equal zero.
Which of the following could cause economic growth?
a. Growth in productivity b. Growth in the employment-population ratio c. Growth in the average number of hours worked d. Growth in the population e. All of these
The Bureau of Labor Statistics is part of the U.S. Department of
a. the Treasury. b. Commerce. c. Labor. d. the Interior.
An economist observes two consumers in a supermarket. One of the consumers buys a case of Coca-Cola and the other buys a case of Pepsi-Cola. Both colas sell for the same price and the ages and incomes of the consumers are also the same. Based on this
information, how would the economist explain the consumers' choices? A) One of the consumers made the wrong choice, but it is impossible to say which one. B) Both consumers should have considered buying other colas that had lower prices. C) Both consumers should have purchased less than a case because they would be able to buy more later. D) Apparently, the consumers had different tastes.