Expansionary fiscal policy actions include __________ government spending and/or __________ taxes, while contractionary fiscal policy actions include __________ government spending and/or __________ taxes
A) increasing; increasing; decreasing; decreasing
B) decreasing; decreasing; increasing; increasing
C) increasing; decreasing; increasing; decreasing
D) decreasing; increasing; increasing; decreasing
E) increasing; decreasing; decreasing; increasing
E
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Sticky wages:
A. slow the process of reducing inflation. B. speed the process of reducing inflation. C. speed the recovery process after a recession. D. slow the recovery process after a recession.
Regulators employ average cost pricing instead of marginal cost pricing because
A. the price is lower with average cost pricing. B. price must be high enough to cover all opportunity costs if the firm is to stay in business. C. average cost pricing is more efficient than marginal cost pricing. D. average cost pricing is simpler to compute than marginal cost pricing.