Which of the following most clearly indicates that fiscal policy is becoming more expansionary?
a. An increase in the budget deficit relative to GDP
b. A reduction in the budget deficit relative to GDP
c. An increase in the budget surplus relative to GDP
d. An increase in the nominal (dollar) size of the budget deficit
A
Economics
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Which mathematical expression describes what households do with their disposable income?
a. Y = C + I b. Y = C + I + G c. Y = C + S + G d. I = S e. Y = C + S
Economics
In general, pollution exists if
A) people are unconcerned about the hazards associated with pollution. B) there are poorly defined private property rights. C) there are poorly defined common property rights. D) profit-making activity is taken to an extreme.
Economics