c comparing local state and federal fiscal policies d assessing the effect of

C comparing local state and federal fiscal policies d

This preview shows page 2 - 3 out of 3 pages.

c. comparing local, state, and federal fiscal policies. d. assessing the effect of government budget deficits on generations yet unborn. The correct answer is: assessing the effect of current fiscal policy decisions on generations yet unborn. Question 13 In the long run, international trade : a. affects the economy’s natural level of employment. b. affects the economy’s real wage. c. does not affect the natural level of employment or the real wage. d. increases real wages because it increases a country’s standard of living. The correct answer is: does not affect the natural level of employment or the real wage. Question 14 Marginal Cost is the: a. Cost of a small increase in an activity. b. Cost of an activity minus the benefits. c. Cost of a foregone alternative. d. Total cost of an activity. The correct answer is: Cost of a small increase in an activity.
Image of page 2
Question 15 According to the text, in many respects, the single most powerful economic policymaker in the United States is: a. Congress. b. the Federal Reserve. c. the President. d. the Supreme Court. The correct answer is: the Federal Reserve.
Image of page 3

You've reached the end of your free preview.

Want to read all 3 pages?

  • Fall '16
  • why are you asking me this?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes