An example of a discretionary fiscal stimulus policy is
A) decreasing government expenditure.
B) the automatic increase in needs-tested spending during a recession.
C) decreasing needs-tested spending.
D) cutting taxes.
E) induced taxes.
D
Economics
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Explain why X-inefficiency is likely to be more prevalent in an industry in which firms have market power
What will be an ideal response?
Economics
When an industry's raw material costs increase, other things remaining the same,
A) the supply curve shifts to the left. B) the supply curve shifts to the right. C) output increases regardless of the market price and the supply curve shifts upward. D) output decreases and the market price also decreases.
Economics