Author: Anonymous

Mark all that apply.  Contractionary fiscal policy involves:

The term externalities refers to:

True or False.  Barter allows economies to grow.

The term externalities refers to:

Festivals that sell canned beer or soda create a _________ externality if kids are allowed to collect the empty cans the next day and cash them in for scrap aluminum Fill in the blank write you answer all in lower case.

Printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.  What type of unemployment occurred?

Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each. What is the opportunity cost of one more Bag of Peanuts? (Write your answer in numeric form no decimals for example 5)

True or False.  Barter involves the direct exchange of a good or service for another, with the use of money.

There are two policy tools that can be used to fine tune the economy and achieve macro economics goals of low inflation, low unemployment and economic growth.  These tools are entitled fiscal policy and monetary policy.  Mark all items that apply to fiscal policy.

By raising or lowering the ______, the Fed changes the cost of money for banks, which impacts the incentive to borrow reserves.