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Author Question: Which of the following best illustrates the use of discretionary fiscal policy? a. Congress ... (Read 42 times)

burton19126

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on: Jun 30, 2018
Which of the following best illustrates the use of discretionary fiscal policy?
 a. Congress providing 1 billion in relief aid for hurricane victims
 b. Congress appropriating 400 million to help the needy and the appropriation being financed by a tax on wealth
  c. Income tax receipts being smaller because of a decline in real GDP during a recession
 d. The Federal Reserve tightening credit when it receives news of accelerating inflation
 e. Congress passing a bill authorizing 2 billion in additional spending when it receives news of a deepening recession

Question 2

In the short-run, total fixed costs always exceed total variable costs.
 a. True
  b. False
  Indicate whether the statement is true or false


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amynguyen1221

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

False


burton19126

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bigsis44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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