Describe the characteristics of fiscal policy from 2000 to 2007. Was it expansionary or contraction?
What will be an ideal response?
From 2000 to 2004, fiscal policy was expansionary. The cyclically adjusted budget was 1.2 percent in 2000 and moved to 3.2 percent in 2004. From 2004 to 2007, the fiscal policy turned contraction as the cyclically adjusted deficit fell from 3.2 percent of GDP to 1.3 percent of GDP.
Economics
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The table above gives data for the nation of Mosh. In Mosh, equilibrium expenditure equals
A) $6 trillion. B) $10 trillion. C) $4 trillion. D) $9 trillion. E) $7 trillion.
Economics
The hidden-cost fallacy occurs when
a. A firm considers irrelevant costs b. A firm ignores relevant costs c. A firm considers overhead or depreciation costs to make short-run decisions d. Both a and c
Economics