In 2009, Congress passed tax laws to reduce income tax rates for some taxpayers. This action is called

A) a discretionary fiscal policy.
B) a discretionary revenue policy.
C) an automatic fiscal policy.
D) an annual tax policy.
E) induced tax policy.

A

Economics

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"Cost disease" refers to the tendency for low productivity in the service sector to lead to higher costs in those industries

Indicate whether the statement is true or false

Economics

Which one of the following would cause an increase in the demand for hotel rooms in Hawaii?

A) an increase in airfares to Hawaii B) a decrease in airfares to Hawaii C) an upward movement along the demand curve for stays in Hawaiian hotel rooms D) a downward movement along the demand curve for stays in Hawaiian hotel rooms

Economics