A problem with using fiscal policy to? fine-tune the economy is that
Answer: agreeing on the appropriate fiscal policy is time consuming
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Refer to the table above. What is the average fixed cost of producing 110 units of the good?
A) $1.36 B) $1.72 C) $37.50 D) $150
If the price per bushel of apples increased from $7.00 to $8.00 because of a poor harvest, the
A) demand for apples decreases. B) quantity of apples demanded decreases. C) quantity of apples supplied decreases. D) Both answers A and B are correct.
When resources are at full capacity, output is less responsive to changes in ____ and the price level is ____
a. prices; stable b. prices; less responsive c. aggregate demand; highly responsive d. aggregate demand; less responsive
The implementation lag for fiscal policy tends to be much longer than for monetary policy because fiscal policy requires
A. changes in congressional-approved spending and tax programs. B. changes in required reserves. C. changes in open-market operations. D. changes in exports and imports.