If the price of coffee decreases, the demand curve for tea (a substitute good) will:
a. remain unchanged. b. shift to the right.
c. shift to the left. d. do none of these
c
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The development of money market mutual funds contributed to the growth of ________ since the money market mutual funds need to hold liquid, high-quality, short-terms assets
A) the commercial paper market B) the municipal bond market C) the corporate bond market D) the junk bond market
Answer the following statement(s) true (T) or false (F)
1. Fiscal policy usually refers to actions at the federal government level. 2. In the early 1980s, tax cuts put the U.S. economy in a recession. 3. The largest fiscal stimulus package ever was enacted under President Obama. 4. Tax cuts and increased government purchases shift the aggregate demand curve in opposite directions. 5. Tax cuts are a fiscal tool.