Which of the following is not a tool of fiscal policy?
a. Money supply
b. Government purchases
c. Taxes
d. Social Security program
e. Unemployment benefits
a
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The supply curve illustrates
A) the amount of a good producers plan to sell at given prices. B) the amount of a good producers need to sell at given prices. C) the corresponding demand for a good at given prices. D) the sunk costs associated with producing a scarce good.
The Sherman Antitrust Act was not specific enough to eliminate monopolies in the United States
a. True b. False Indicate whether the statement is true or false
When trying to determine the standard of living in a given country, it is not important to observe its income distribution, because what we are interested in is the income per person in the economy
a. True b. False Indicate whether the statement is true or false
As of December 2010+, the largest single component of M2 consists of
a. checkable deposits at banks. b. cash, coins, and other currency. c. savings deposits. d. gold and silver in commodity accounts.