Fiscal policy is:
A. easy to enact but slow to affect the economy.
B. difficult to enact but quick to affect the economy.
C. easy to enact and quick to affect the economy.
D. difficult to enact and slow to affect the economy.
Answer: D
Economics
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Refer to Table 19-11. Nominal GDP for Tyrovia in 2016 equals
A) $1,140. B) $880. C) $690. D) $560.
Economics
Both Keynesians and supply-siders believe that tax cuts
a. will increase income by increasing aggregate supply. b. will increase income by increasing aggregate demand. c. will increase income but for different reasons. d. will increase income in the Keynesian model but decrease income in the Supply-side model.
Economics