Which of these is an example of a contractionary fiscal policy?
a. A decrease in the sales tax rate
b. An increase in unemployment insurance
c. An increase in the excise tax rate
d. A decrease in import duty
c
Economics
You might also like to view...
Refer to Table 13-3. If this firm continues to produce, what is likely to happen to the product's price in the long run?
A) It will remain constant. B) It will fall. C) It will increase. D) It cannot be determined without information on its long run demand curve.
Economics
Which of the following will cause a reduction in output per worker (Y/N)?
A) a reduction in the capital stock (K) B) a reduction in the saving rate C) a reduction in K/N D) all of the above
Economics