The fiscal and monetary policy alternative to fine-tuning is

A) abandonment of both fiscal and monetary policy.
B) abandonment of fiscal policy in favor of exclusive reliance on monetary policy.
C) budgets established for the long term and a steady growth rate for the money stock.
D) price and wage controls.
E) redistribution of income in favor of those with a higher propensity to spend.

C

Economics

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Refer to Table 1-5. Using marginal analysis, how many hours should Julius extend his shop's hours of operations?

A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours

Economics

Economies of scale exist as a firm increases its size in the long run because of all of the following except

A) the firm can afford more sophisticated technology in production. B) labor and management can specialize even further in their tasks. C) as a larger input buyer, the firm can purchase inputs at a lower per unit cost. D) as a firm expands its production, its profit margin per-unit of output increases.

Economics