Which of the Following Is an Appropriate Discretionary Fiscal Policy

question 241

Multiple Choice

Which of the following is an appropriate discretionary fiscal policy if equilibrium real GDP falls below potential real GDP?

• A)an increase in government purchases
• B)an increase in the supply of money
• C)an increase in individual income taxes
• D)a decrease in transfer payments

Understand the demand curve characteristics of monopolistically competitive firms.

Identify the basic characteristics and elements that define monopolistic competition.

Explain the similarities and differences between monopolistic competition and other market structures.

Describe the role of product differentiation and nonprice competition in monopolistically competitive markets.

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Definitions:

Self-Awareness

Attention directed at the self.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Self-Presentation

Any behavior that seeks to convey some image of self or some information about the self to other people.

Self-Presentation

The process of controlling or influencing the perceptions others have of us.