The purpose of fiscal policy is to

A. alter the direction of the economy.
B. change people's attitudes toward government.
C. offer insight into the way things work.
D. educate people as to the importance of economics.

Answer: A

Economics

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If a firm produces an experience good, its mode of advertising will be

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A farm worker gets paid today in money, but plans to spend the money next week. This illustrates which function of money?

A) medium of exchange B) unit of account C) store of value D) standard of deferred payment

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