Which of the following is not a tool of fiscal policy?
a. Money supply
b. Government purchases
c. Taxes
d. Social Security program
e. Unemployment benefits
a
Economics
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Constant returns to scale cause the long-run average cost curve to be:
a. horizontal. b. vertical. c. upward-sloping. d. downward-sloping.
Economics
Assume a new bank has just opened for business. It has deposits of $1,000,000 and a required reserve ratio of 15 percent. How much can this bank lend, and why?
What will be an ideal response?
Economics