Estimations of demand are used as input in this type of scenario:
A. understanding automobile demand to decide whether to offer below-market-rate loans for new cars.
B. as input into a firm's decision-making process.
C. understanding the demand for oil in order to impose a new oil import tax.
D. all of the above
D. all of the above
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How is the sacrifice ratio measured? How big is the sacrifice ratio in the United States? In other countries? What problems are there in measuring the sacrifice ratio?
What will be an ideal response?
What is the difference between a business cycle and the day-to-day ups and downs of the market?
What will be an ideal response?
Deliberate changes in government expenditures and taxes to influence the level of aggregate demand in the United States
A. define automatic stabilizers. B. define discretionary fiscal policy. C. are enacted by the Council of Economic Advisers. D. operate without time lags.
If a government wants to pursue an expansionary fiscal policy, then a tax cut of a certain size will be more expansionary when the:
A. Economy's MPS is small B. Economy's MPS is large C. Economy's MPC is small D. Unemployment rate is low