The changing of government expenditures to achieve national economic goals is
A. inflationary fiscal policy.
B. discretionary fiscal policy.
C. automatic fiscal policy.
D. budget deficit policy.
Answer: B
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Vote trading in legislatures can lead to efficient outcomes that might otherwise not have been reached.
Answer the following statement true (T) or false (F)
A strengthening of the dollar will immediately shift
A. aggregate demand to the left. B. aggregate supply to the right. C. aggregate demand to the right. D. aggregate supply to the left.
Figure 7-1
. In Figure 7-1, which graph best represents total physical product with diminishing returns?
A. 1 B. 2 C. 3 D. 4
A Nash equilibrium occurs when
A) each firm is doing the best it can given its opponents' actions. B) each firm chooses the strategy that maximizes its minimum gain. C) a player can choose a strategy that is optimal regardless of its rivals' actions. D) there is no dominant firm in a market.