Author Question: The inflation-reduction episode of the early 1980s was an example of an A) expected inflation ... (Read 86 times)

kshipps · **on:** Jun 29, 2018

The inflation-reduction episode of the early 1980s was an example of an

A) expected inflation reduction fiscal policy by Congress.
B) unexpected inflation reduction by the Fed.
C) unexpected inflation reduction fiscal policy by Congress.
D) unexpected inflation reduction by the Fed combined with an expected inflation reduction fiscal policy by Congress.
E) expected inflation reduction by the Fed.

Question 2

In 2014, tire industry lobbyists pressured the United States government to consider imposing an additional tariff of up to 86 on top of the current 4 tariff on imported Chinese-made tires.

This type of behavior where industry lobbyists attempt to influence law for their own economic advantage is called A) deadweight protection.
B) blackmail.
C) quota manipulation.
D) rent seeking.