Vulcan Materials stock price soared in the days following the election of President Trump. Vulcan's products, such as asphalt and concrete, are used in construction and President Trump had pledged to bring about increased spending on infrastructure
projects that would require such products. Spending on infrastructure projects is an example of ________ aimed at increasing real GDP and employment.
A) discretionary fiscal policy
B) an automatic stabilizer
C) contractionary fiscal policy
D) a transfer payment
Answer: A
Economics
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Why does the production possibilities frontier have a bowed out shape rather than being a straight line?
What will be an ideal response?
Economics
Suppose the demand for widgets is given by QD = 100 - 5p - pd + 2Y, where Y is average consumer income, p is the price of lemons, and pd is the price of doodads. According to this equation, widgets are an inferior good
Indicate whether the statement is true or false
Economics