Fiscal policy is most effective in controlling inflation when the economy operates in the _____ region of the aggregate supply curve
a. horizontal
b. vertical
c. upward rising
d. downward sloping
e. backward bending
b
You might also like to view...
According to the balance of payments schedule, as the level of income rises
a. import demand increases while export demand does not. b. export demand increases while import demand decreases. c. both import demand and export demand increase. d. both import demand and export demand decrease.
The federal funds market is the market for
a. loans from the federal government. b. loans from the Federal Reserve. c. government borrowing and lending. d. interbank lending. e. all of the above.
A tax levied on coal-fired plants that is based on the amount of carbon released in the atmosphere is considered by the firm as a:
A. variable cost. B. fixed cost. C. source of revenue. D. sunk cost.
All of Jill's friends have been telling Jill that she must see a certain movie but she is not sure that she will like it. The movie is a(n)
A) experience good. B) credence good. C) logo good. D) search good.