Investment spending includes spending on
A) changes in business inventories. B) stocks.
C) food. D) transfer payments.
A
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If we depict a simultaneous move, complete information game in a game tree, each player only has one information set no matter how many players there are in the game.
Answer the following statement true (T) or false (F)
Adam Smith noted that when public expenditures are undertake for the general benefit of everyone in a society then _____
a. there is considerable conflict between the benefit principle and the ability-to-pay principle b. there is no conflict between the benefit principle and the ability-to-pay principle c. the benefit principle provides little guide to tax policy d. the ability-to-pay principle provides little guide to tax policy
The Federal Reserve Bank attempted to deal with the sluggish aggregate demand that followed the housing market crash and subsequent financial crisis through:
A. contractionary monetary policy. B. expansionary fiscal policy. C. expansionary monetary policy. D. contractionary fiscal policy.
Monetary policy that is focused on slowing down the economy is known as __________ monetary policy.
a. loose b. free c. expansionary d. contractionary