Fiscal policy affects the economy
A. only in the short run.
B. only in the long run.
C. in both the short and long run.
D. in neither the short nor the long run.
Ans: C. in both the short and long run.
You might also like to view...
Most of what we buy and sell never makes it out of domestic markets
Indicate whether the statement is true or false
Explain how an economy which is presently above its balanced growth path will converge back to its balanced growth path?
What will be an ideal response?
Accountants calculate __________ differently than do economists: a. Total revenue
b. Total costs. c. Profits. d. Both total costs and profits.
If the MPC = 0.9 and a household obtains $20,000 more dollars then how much would the household spend of the additional $20,000?
A. $20,000 B. $2,500 C. $18,000 D. $17,500