Most economists agree that the focus of fiscal policy is to
a. plan the economy.
b. balance aggregate demand and aggregate supply.
c. balance the federal budget.
d. balance environmental needs and resources.
b
You might also like to view...
Consider the country of Outland. In Outland, people pay 10 percent of their income as a tax whether they earn $10,000 or $100,000 annually. Outland has ________ tax structure
A) a progressive B) a regressive C) a proportional D) an excessive
A shoe salesman working on commission must decide whether to work hard or shirk. Working hard would increase the probability of a sale from 20% to 70% but the effort would cost him $5 . If the typical commission on a pair of shoes was $8, would he decide to work hard?
a. Yes because it is higher than what it costs him in effort b. Yes because it is higher than zero c. No, because it costs him more in effort d. None of the above