The set of fiscal policies that would be most contractionary would be a(n):
A. Increase in government spending and taxes
B. Decrease in government spending and taxes
C. Increase in government spending and a decrease in taxes
D. Decrease in government spending and an increase in taxes
D. Decrease in government spending and an increase in taxes
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Fiscal policy in the United States is hampered by its particularly long ________ lag
A) data B) recognition C) legislative D) transmission E) effectiveness
Which of the following was a successful application of fiscal policy in the United States?
a. Roosevelt's strategy in combating the Great Depression b. The tax cut of 1964 c. The temporary tax surcharge of 1968 d. The battle against stagflation during the 1970s e. The large tax cut of 1981
Suppose that the real return from operating factories in Canada rises relative to the real rate of return in the United States. Other things the same,
a. this will increases U.S. net capital outflow and decrease Canadian net capital outflow. b. this will decreases U.S. net capital outflow and increase Canadian net capital outflow. c. this will only increase U.S. net capital outflow. d. this will only increase Canadian net capital outflow.
Using the above table, we see that when output is 4 units, average variable cost equals
A. $6.00. B. $3.50. C. $14.00. D. $24.00.