The reason for the different in tax policy and spending policy by the government is due to:
A. people not responding to tax policy as much as spending policy.
B. the fact that when the government engages in spending policy, they do it more aggressively.
C. firms drastically responding to tax changes that are implemented.
D. the difference in initial spending that results from engaging in tax policy.
D. the difference in initial spending that results from engaging in tax policy.
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If an economy is operating on its production possibilities curve, it is:
A) efficient and fully employed. B) fully employed but not necessarily efficient. C) efficiently producing but not necessarily fully employed. D) inevitably going to grow in the future.
Banks can lower their liquidity risk by having more __________ on their balance sheet
A) government securities B) transactions deposits C) loans D) savings deposits