Fiscal policy refers to a government's choices over its
A) expenditures, taxes, transfers, and borrowing.
B) expenditures, taxes, issuance of money, and borrowing.
C) expenditures, foreign affairs, issuance of money, and borrowing.
D) issuance of money, taxes, environmental regulations, and foreign affairs.
A
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For which pairs of goods is the cross-price elasticity most likely to be positive?
a. canoes and kayaks b. pizza and college textbooks c. Halloween candy and rain coats d. cats and cat food
A labor supply elasticity of 1.4 means that a wage increase of:
A. 10 percent will increase the quantity of labor supplied by 14 percent. B. 10 percent will reduce the quantity of labor supplied by 14 percent. C. 14 percent will reduce the quantity of labor supplied by 10 percent. D. 14 percent will increase the quantity of labor supplied by 10 percent.