One drawback of fiscal policy is the time it takes to enact the legislation necessary to activate it

Which of the following policies would be most likely to reduce the efficiency of a country's economic organization?

a. a legal structure that establishes secure property rights b. imposition of tariffs and other barriers limiting international trade c. competitive markets d. a stable monetary system

The relationship between consumption and disposable income is such that:

A. an inverse and stable relationship exists between consumption and income. B. a direct, but very volatile, relationship exists between consumption and income. C. a direct and relatively stable relationship exists between consumption and income. D. the two are usually equal.