Which one of the following is an example of discretionary fiscal policy used to correct a recessionary gap?
A) a tax decrease passed into law by Congress
B) an increase in the money supply by the Federal Reserve
C) a decrease in government expenditures approved by Congress
D) an agreement among major banks to raise interest rates
A
Economics
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If marginal revenue equals zero, then demand at this level of output is
A) perfectly inelastic. B) inelastic. C) unit elastic. D) elastic.
Economics
The marginal cost curve always intersects the average total cost curve at the point at which the average total cost curve
A) is zero. B) is at its minimum. C) is at its maximum. D) has a vertical slope.
Economics