The government implements fiscal policy when it changes
A) spending and/or interest rate.
B) money supply and/or taxes.
C) taxes and/or spending.
D) taxes and/or interest rate.
Answer: C) taxes and/or spending.
Economics
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Explain how the market demand curve can be derived. Does the law of demand apply to the market demand curve?
What will be an ideal response?
Economics
Refer to Figure 7-2. If the tariff was replaced by a quota which limited coffee imports to 20 million pounds, the amount of revenue received by coffee importers would equal
A) $5 million. B) $15 million. C) $50 million. D) $78 million.
Economics