A “conservative” would most likely argue in favor of
A. tax increases when fiscal stimulus is necessary, and spending cuts when fiscal restraint is necessary.
B. tax cuts when fiscal restraint is necessary, and spending cuts when fiscal stimulus is necessary.
C. tax cuts when fiscal stimulus is necessary, and spending cuts when fiscal restraint is necessary.
D. spending increases when fiscal expansion is necessary, and tax increases when fiscal stimulus is necessary.
Answer: C
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The us government can set interest rates by controlling the money supply
Answer the following statement(s) true (T) or false (F)
The delivery of first-class mail by the U.S. Postal Service is an example of
A) a monopoly. B) an oligopoly because a few other firms provide delivery of letters and packages. C) perfect competition because consumers have access to other methods of written communication; for example, email and text messaging. D) monopolistic competition, because mail delivery is a differentiated product provided by many firms.