The problem of asymmetric information that brings about a general decline in product quality in an industry is

Expansionary fiscal policy leads to a ________

A) leftward shift of the labor supply curve B) rightward shift of the labor demand curve C) leftward shift of the labor demand curve D) rightward shift of the labor supply curve

Expansionary fiscal policy would involve ________, whereas contractionary fiscal policy would involve ________

A) increasing the money supply; increasing personal income taxes B) increasing corporate income taxes; raising interest rates C) increasing transfer payments; increasing corporate income taxes D) increasing government purchases; increasing transfer payments