Fiscal policy refers to changes in
A) state and local taxes and purchases that are intended to achieve macroeconomic policy objectives.
B) federal taxes and purchases that are intended to achieve macroeconomic policy objectives.
C) federal taxes and purchases that are intended to fund the war on terrorism.
D) the money supply and interest rates that are intended to achieve macroeconomic policy objectives.
Answer: B
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According to new growth theory, the accumulation of ________ capital is subject to diminishing returns at the ________ level, but not at the level of the economy as a whole
A) technological; personal B) knowledge; firm C) physical; production D) physical; firm
The following are the sales achieved by Jensen Fabrics during the last 7 years:
2007 $116,000 2008 124,000 2009 127,000 2010 146,000 2011 155,000 2012 154,000 2013 162,000 Using the compound growth rate calculation, what would be your estimate for sales in 2014?