Fiscal policy is
a. the deliberate control of the money supply to achieve macroeconomic goals.
b. the use of the government's regulatory powers to improve economic efficiency.
c. the operation of business enterprises by the government.
d. the use of government taxation and expenditures to achieve macroeconomic goals.
D
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Which of the following is a characteristic that might affect the efficiency (marginal costs and marginal benefits) of a recycling market?
a. Geography b. Vehicle-miles traveled c. Population density d. The mix or composition, weight, and volume of the material stream supplied to the secondary market e. All of the above.
If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?
A. An increase in quantity of unskilled labor demanded. B. A decrease in the quantity of unskilled labor supplied. C. A shortage of unskilled labor. D. A surplus of unskilled labor (unemployment).