Appropriate fiscal policy in the U.S. in 2009 would attempt to
a. increase taxes.
b. decrease aggregate supply.
c. increase aggregate demand.
d. decrease aggregate demand.
c
Economics
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Which of the following is a macroeconomic decision or concept?
A) the price of oil B) how many television sets to produce C) the unemployment rate for the entire economy D) the unemployment rate for each firm
Economics
Suppose that the percentage change in demand is 10%, the price elasticity of demand is 1, and the percentage change in the equilibrium price is 3.33%. What is the price elasticity of supply?
A. 0 B. 1 C. 2 D. 3
Economics