Which of the following is an example of a fiscal policy initiative?
a. Lowering of interest rates.
b. Increase in reserve requirements.
c. Reduction in taxes.
d. Decrease in money supply.
c
Economics
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An important determinant of the price elasticity of supply is the extent to which
A) the commodity is a luxury or a necessity. B) the demand for it is both price and income elastic. C) the product has many complements or substitutes. D) production requires the use of particularly scarce or specialized resources.
Economics
According to the party cycle theory, recessions
a. will be nonexistent in the near future. b. are most apt to occur when a liberal president is elected. c. are most likely to occur during the first couple of years following the election of a conservative president. d. are here to stay.
Economics