Ronald Reagan’s presidency could be characterized as a period of
A. passive monetary policy.
B. passive fiscal policy.
C. active fiscal policy.
D. active regulatory policy.
Answer: C
You might also like to view...
Assume Bryce's budget constraint is represented by line C in the graph shown. Which of the following would cause Bryce's budget constraint to shift to A?
A. Bryce's income increased.
B. Bryce's income decreased.
C. Bryce's preferences for books and movies decreased.
D. Bryce's preferences for books and movies increased.
If excess reserves are $30,000, demand deposits are $100,000, and the required reserve ratio is 15 percent, then total reserves are
A. $45,000. B. $15,000. C. $130,000. D. $30,000.
Use the following list of modern macroeconomic theories in order to describe the following statement: Lower tax rates and less government intervention in the private economy is the only way to stimulate saving, investment, and productivity.
A. Monetarism B. The theory of rational expectations C. New classical economics D. Supply-side economics
Productivity is a measure of
A. Output per unit of input. B. Input per dollar of output. C. Input per unit of output. D. Output per dollar of input.