Expansionary fiscal policy would involve ________, whereas contractionary fiscal policy would involve ________
A) increasing the money supply; increasing personal income taxes
B) increasing corporate income taxes; raising interest rates
C) increasing transfer payments; increasing corporate income taxes
D) increasing government purchases; increasing transfer payments
C
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The purchasing power of money decreases as the
A) demand increases. B) employment increases. C) price level increases. D) production decreases.
In the U.S., which of the following government programs assist workers find jobs when they lose their jobs due to trade?
A. Trade Adjustment Assistance program B. Social Security C. workers' compensation D. Obamacare
Answer the following questions true (T) or false (F)
1. The income effect of a price increase for a Giffen good outweighs the substitution effect. 2. The demand curve for an inferior good can never be downward sloping. 3. The demand curve for a luxury good is upward sloping.
What does the word "marginal" mean in economics? What is a marginal benefit? What is a marginal cost? What is marginal analysis?
What will be an ideal response?