An example of fiscal policy occurs when the government purchases fighter planes from a U.S. manufacturer.
Answer the following statement true (T) or false (F)
True
Fiscal policy is the use of government taxes and spending, including spending on fighter planes, to alter macroeconomic outcomes.
Economics
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________ is a market structure where only one firm provides a good or service that has no close substitutes
A) Oligopoly B) Monopoly C) Perfect competition D) Monopolistic competition
Economics
Unit elastic demand means that the
A) ratio of a change in the quantity demanded to a change in the price equals 1. B) ratio of a percentage change in the quantity demanded to a percentage change in the price equals 1. C) demand curve is vertical. D) demand curve is horizontal.
Economics