What do consumers sometimes do that makes expansionary fiscal policy less effective?
A. Spend all of the money they get from a tax cut
B. Save all the money they get from a tax cut
C. Increase investment spending in response to rising interest rates
D. Reduce investment spending in response to rising interest rates
Ans: B. Save all the money they get from a tax cut
Economics
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Which of the following statements is false?
A) An increase in wage rates causes producers to move up along the SRAS curve. B) An increase in the price level causes producers to move up along the SRAS curve. C) The short-run aggregate supply (SRAS) curve is upward sloping. D) The long-run aggregate supply (LRAS) curve is vertical.
Economics
What was the largest U.S. fishery, in dollar terms, in 2010?
A. Pacific halibut. B. Lobster. C. Walleye pollock. D. Sea scallop.
Economics