The difference between fiscal policy and monetary policy is that
a. fiscal policy is macroeconomic policy and monetary policy is microeconomic policy
b. monetary policy is macroeconomic policy and fiscal policy is microeconomic policy
c. fiscal policy involves regulation of natural monopolies and monetary policy involves the provision of public goods
d. monetary policy involves regulation of the money supply and fiscal policy involves government spending and taxing
e. fiscal policy involves the promotion of competition and monetary policy involves collecting money to pay for taxes
D
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Factors that led to worsening conditions in Mexico's 1994-1995 financial markets include
A) failure of the Mexican oil monopoly. B) the ratification of the North American Free Trade Agreement. C) increased uncertainty from political shocks. D) decline in interest rates.
Cities and towns frequently establish fire departments because fire-fighting is viewed as a merit good
Indicate whether the statement is true or false