All of the Following Statements,except One,are Positive Statements

question 83

Multiple Choice

All of the following statements,except one,are positive statements.Which is the exception?

• A)Increasing cigarette taxes will result in higher prices.
• B)The government must increase the tax on cigarettes.
• C)Higher price for cigarettes will decrease the quantity demanded.
• D)The price of cigarettes is higher in Canada than in Russia.

Ability to analyze the effects of fiscal and monetary policy on the economy.

Understanding of the concept of stagflation and its causes.

Comprehension of the impact of governmental fiscal policies on price levels and output.

Insight into the effects of external shocks and policy responses on economic output and prices.