Fiscal policy is
A. periodic fluctuations in the level of economic activity.
B. manipulation of the money supply and credit in the economy to reduce fluctuations in the business cycle.
C. government policy concerning the manipulation of its spending and taxation to reduce fluctuations in the business cycle.
D. the sum of government agricultural subsidies plus transfer payments.
C. government policy concerning the manipulation of its spending and taxation to reduce fluctuations in the business cycle.
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Suppose a perfectly competitive market is in a long-run equilibrium when a permanent decrease in the market demand occurs. In the long run, which of the following definitely occurs?
A) The price decreases. B) The number of firms decreases. C) The firms' marginal cost increases. D) Marginal revenue increases.
Which of the following is the environmental approach found in the Clean Air Act of 1990?
a. Marketable pollution permits. b. Price caps. c. Command-and-control regulation. d. EPA marginal social permits.
If a price ceiling of $2 per gallon is imposed on gasoline, and the market equilibrium price is $1.50, then the price ceiling is a binding constraint on the market
a. True b. False Indicate whether the statement is true or false
The developing world has been adamant that rich nations abandon farm subsidies in order to get a global trade deal both sides say they want.
Answer the following statement true (T) or false (F)