1. As a result of an economic policy change, interest rates fall, and consumption and investment rise. This is consistent with a) A monetary expansion. b) A fiscal expansion. c) A fiscal contraction. d) A monetary contraction
1. As a result of an economic policy change, interest rates fall, and consumption and investment rise. This is consistent with
a) A monetary expansion.
b) A fiscal expansion.
c) A fiscal contraction.
d) A monetary contraction.
2. Under what conditions might the application of fiscal and
a) The
b) The aggregate supply curve is vertical.
c) The short run aggregate supply curve is flatter than the long run aggregate supply curve.
d) The long run aggregate supply curve is flatter than the short run aggregate supply curve.
3. How might government best attempt to address the threat of long-run, structural
a) Adopt protectionist measures, such as tariffs.
b) Give trade unions a formal role in economic planning.
c) Increase subsidies for job retention in manufacturing industry.
d) Improve education and training to increase productivity and wages.
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