Expansionary fiscal policy is so named because it:

A. necessarily expands the size of government.
B. involves an expansion of the nation's money supply.
C. is aimed at achieving greater price stability.
D. is designed to expand real GDP.


Answer: D

Economics

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A cartel

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The interest rates on outstanding credit card balances are generally high because

A) the default rate on credit card loans is high and there are no assets backing these loans. B) the banks "price gouge" consumers in this market. C) there is little competition in this lending market. D) the administrative costs associated with these loans are low.

Economics

A shift in supply is defined as a change in

A. Equilibrium quantity. B. Price. C. Quantity supplied because of a change in price. D. The supply curve because of a change in a determinant of supply.

Economics