If the government were to increase taxes, it would be enacting:
A. contractionary fiscal policy.
B. expansionary fiscal policy.
C. contractionary monetary policy
D. expansionary budgetary policy.
A. contractionary fiscal policy.
Economics
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Many of the Fed's actions were aimed squarely at stopping the downward spiral of falling assets prices
a. True b. False
Economics
Which of the following have to be true about functions in the duality picture:
A. The expenditure function is homogeneous of degree 1 in prices. B. The compensated demand functions are homogeneous of degree 1 in prices. C. The uncompensated demand functions are homogeneous of degree 1 in prices. D. Both (a) and (b). E. Both (b) and (c). F. Both (a) and (c). G. All of the above. H. None of the above.
Economics