1 if there is a constitutional requirement to maintain a

Assignment Help Microeconomics

Reference no: EM13377196

1. If there is a constitutional requirement to maintain a balanced budget, then during a recession when tax revenues are shrinking, the government will have to implement:

a. Contractionary fiscal policy

b. No change in fiscal policy

c. Expansionary fiscal policy

d. Countercyclical fiscal policy

2. Which short-run version of aggregate supply assumes that product prices are:

a. Fixed while resource prices are flexible

b. Flexible while resource prices are fixed

c. Both input and product prices are flexible

d. Both input and product prices are fixed

3. Demand-pull inflation is illustrated in the short run aggregate supply-aggregate demand model as a shift of the aggregate:

a. Supply to the right

b. Supply to the left

c. Demand to the right

d. Demand to the left

Reference no: EM13377196

Questions Cloud

Read the thomas article squeeze play and discuss how long : read the thomas article squeeze play and discuss how long you think the emerging upstart airline carriers in asia that

Here are the budgets of brandon surgery center for the most : here are the budgets of brandon surgery center for the most recent historical quarter in thousands of dollarsstatic

1 if the economy is to have significant built-in stability : 1. if the economy is to have significant built-in stability then when real gdp increases the tax revenues shoulda. fall

Among the specific questions your presentation should : among the specific questions your presentation should address are the following1.is the home depots liquidity situation

1 if there is a constitutional requirement to maintain a : 1. if there is a constitutional requirement to maintain a balanced budget then during a recession when tax revenues are

Brake company utilizes the perpetual inventory method : brake company utilizes the perpetual inventory method. inventory information for part ab124 revealed the following for

Explain how one of the components of the gdp would help you : explain how one of the components of the gdp would help you to predict the amount of inventory to keep in stock if you

John has been in the habit of mowing willas lawn each week : john has been in the habit of mowing willas lawn each week for 20.johns opportunity cost is 15 and willa would be

Problems1 seattle health plans currently uses zero-debt : problems1. seattle health plans currently uses zero-debt financing. its operating income ebit is 1 million and it pays

User Account

All Pages