Fiscal policy is:
A. easy to enact but slow to affect the economy.
B. difficult to enact but quick to affect the economy.
C. easy to enact and quick to affect the economy.
D. difficult to enact and slow to affect the economy.
Answer: D
You might also like to view...
The liquidity preference theory distinguishes between ________
A) nominal and real quantities B) money and financial assets C) buying goods and earning interest income D) all of the above E) none of the above
Unlike the GDP deflator, the CPI does not consider goods and services purchased by business and government
a. True b. False Indicate whether the statement is true or false
An optimizing consumer will select the consumption bundle in which the marginal rate of substitution
a. is equal to the price of the least-expensive good. b. exceeds the marginal utility of each good by the greatest amount. c. is less than the slope of the budget constraint. d. None of the above is correct.
In the three-step method, what is accomplished in step 3?
a. finding the total revenue b. finding the total cost c. finding the market price d. finding the profit-maximizing output level