Fiscal policy refers to changes in 

Suppose the economy is in short-run equilibrium above potential GDP, the unemployment rate is very low, and wages and prices are rising. Using the basic AD-AS model in the figure above, the Fed uses contractionary policy for this situation would be depicted as a movement from

Which income tax system does the United States have?

In a modern mixed economy, who decides what goods and services will be produced?

An increase in population would be represented by a movement from

How do a sole proprietorship and a corporation differ?

The Clayton Antitrust Act prohibits 

An increase in price of inputs would be represented by a movement from

How do a partnership and a corporation differ?

The Federal Open Market Committee consists of the seven members of the ________, the president of the Federal Reserve Bank of New York, and ________.