ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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In an attempt to promote renewable energy, the government provides an annual rebate to those who install solar panels on their roofs. What type of economic policy would this represent?
a) Fiscal policy
b) Monetary policy
c) Both fiscal policy and monetary policy
d) Neither fiscal nor monetary policy
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- Why should monetary policy and fiscal policy be separately?arrow_forwardWhich economic policy, fiscal policy or monetary policy, is preferable for undesired increases in the general level of prices (including inflation) and why? Support your arguments by explaining the arguments on the role of government on the economy.arrow_forwardThe government runs a large budget deficit (and nothing else changes): a)Inflation stays the same b)Inflation increases c)Inflation decreases d)Can't tellarrow_forward
- Which of the following is NOT a fiscal policy action? Group of answer choices decreasing government spending on the arts lowering income tax rates. raising the quantity of money in circulation increasing government expenditures on military hardwarearrow_forwardExplain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used? Elaborate on reasons these policies are used.arrow_forwardIn an attempt to promote renewable energy, the government provides an annual rebate to those who install solar panels on their roofs. What type of economic policy would this represent? a) Fiscal policy b) Monetary policy c) Both fiscal policy and monetary policy d) Neither fiscal nor monetary policy Asap.arrow_forward
- Explain what kind of fiscal policy and what kind of monetary policy are likely to reduce GDP.arrow_forwardSome reject stimulus measures and all current policy forms. These economists Focus on the damaging activities and decisions of a private corporations, commercial banks, wealthy individuals. How can these groups delete our private market system, each in their own way, frustrate and foil the goals of a combined fiscal and monetary stimulus program?arrow_forwardThis is a true statement about monetary and fiscal policy: The Medicare program is fiscal policy and the fed funds rate is monetary policy. Both are run by the Federal Reserve. Unemployment insurance is fiscal policy and defense spending is monetary policy. Monetary policy targets income inequality while fiscal policy targets inflation. This is an example of the government sponsoring “uneconomic” economic activity: The National Park Service Corporate income taxes Banking regulation Making trade agreements with other countriesarrow_forward
- The use of money and credit controls to influence macroeconomic activity is: A) monetary policy B) fiscal policy C) supply-side policy D) classical policyarrow_forwardFiscal policy consists of A) Money supply and interest rates. B) Taxes and government spending. C) Taxes and interest rates.arrow_forwardif you were the leader of a country and you had control of fiscal and monetary policies, what would you likely do with the use of fiscal and monetary policies before the next general election?arrow_forward
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