A decision by Congress to reduce spending in order to balance the government's budget is an example of ________ policy.

A. structural
B. aggregation
C. fiscal
D. monetary


Answer: C

Economics

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In a contestable market the Herfindahl-Hirschman Index is ________ and the market behaves as if it is ________

A) low; perfectly competitive B) low; a monopoly C) high; perfectly competitive D) high; a monopoly

Economics

Using the expectations hypothesis on the term structure of interest rates, explain the relationship between the interest rate on a one-year Treasury bond and the interest rate on a two-year Treasury bond

What will be an ideal response?

Economics

The government can address __________ by providing universal health insurance coverage and charging uniform premiums.

A. expected utility B. asymmetric information C. commodity egalitarianism D. adverse selection

Economics

All economies in the world have consistently run trade deficits in recent years.

Select whether the statement is true or false. A. True B. False

Economics