The use of government taxes and spending to alter macroeconomic outcomes is known as
A. Income policy.
B. Fiscal policy.
C. Monetary policy.
D. Foreign trade policy.
Answer: B
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Which definition(s) of the money supply include(s) only items that are directly and immediately usable as a medium of exchange?
A. Neither M1 nor M2 B. M2 C. M1 and M2 D. M1
Table 16.1Both firms depicted in Table 16.1 can benefit if Firm A sells its pollution permit allowing it to generate 1,000 gallons of wastewater to Firm B for:
A. a price between $12 and $15. B. a price between $0 and $6. C. a price greater than $20. D. It is not possible for firms to benefit if Firm A sells a permit to Firm B.
Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.Table 20.2 2014 2015 2016QuarterIIIIIIIVIIIIIIIVIIIIIIIVOutput98949010210510811010397949090Refer to Table 20.2. Which of the following quarters would we most expect to be associated with high unemployment?
A. the first quarter of the year 2014 B. the third quarter of the year 2015 C. the first quarter of the year 2015 D. the third quarter of the year 2016
An investor who wants to diversify his portfolio will buy only bonds when both stocks and bonds are expected to yield better returns
a. True b. False Indicate whether the statement is true or false