Lags in the approval and implementation of fiscal policy _____
Fill in the blank(s) with the appropriate word(s).
weaken fiscal policy as a tool of economic stabilization.
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Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be
A) an increased demand for labor due to economic growth. B) a decreased in the demand for labor in the United States in the short run. C) an increase in the supply of labor. D) a decrease in the supply of labor.
If firms are producing at a profit-maximizing level of output where the price exceeds the average total cost:
A. accounting profits must be negative. B. economic profits must be zero. C. other firms will enter the market. D. firms will exit the market.
Figure 11-2
In Figure 11-2, at what quantity would the monopolist maximize profit?
a.
A
b.
B
c.
C
d.
D
A rightward shift of the investment demand curve would be caused by a(n):
A. increase in the expected rate of return on investment caused by an increase in business confidence. B. decrease in the expected rate of return on investment caused by a decrease in business confidence. C. increase in the rate of interest. D. decrease in the rate of interest.