Fiscal policy aims to influence the overall health of the economy through changes in:
a. the money supply.
b. government spending and tax rates.
c. interest rates.
d. international exchange rates.
e. All of the above.
b. government spending and tax rates.
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The amount of real GDP produced at any one time depends on
i. a fixed amount of capital. ii. a fixed level of technology. iii. decisions people make about leisure versus working. A) ii only B) ii and iii C) i and ii D) i only E) i, ii and iii
Credit Suisse, Goldman Sachs, and Lazard Freres are examples of
A) commercial banks. B) corporations. C) non-bank financial institutions, such as insurance companies, pension funds, and mutual funds. This includes investment banks, which specialize in underwriting sales of stocks and bonds by corporations and in some cases governments. D) central banks and other government agencies. E) non-profit organizations.
Which of the following countries has NOT experienced hyperinflation?
A. Germany B. Bolivia C. Brazil D. Norway
A person's productive contribution in a capitalist society is measured by determining the
A. market value of the individual's output. B. index of occupational values. C. comparable output of other workers in similar jobs. D. total number of goods produced by the individual.