Which of the following are components of fiscal policy?
a. Transfer payments only
b. Money supply and government purchases
c. Government purchases only
d. Government purchases, transfer payments, and taxes
e. Taxes and money supply
d
Economics
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Refer to the table above. What is the marginal benefit that Jenny derives from the fifth unit?
A) $0 B) $1 C) $6 D) $30
Economics
For a normal good, quantity demanded
a. increases as income rises, so the income elasticity of demand is positive b. increases as income rises, so the income elasticity of demand is negative c. falls as income rises, so the income elasticity of demand is positive d. falls as income rises, so the income elasticity of demand is negative e. remains unchanged as income rises, so the income elasticity of demand is zero
Economics