Most economists agree that the focus of fiscal policy is to
a. plan the economy.
b. balance aggregate demand and aggregate supply.
c. balance the federal budget.
d. balance environmental needs and resources.
b
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A recession begins with a(n) ________ in spending by firms on capital goods and a(n) ________ in spending on durable goods by households
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.
Diminishing marginal returns imply that marginal cost is rising.
Answer the following statement true (T) or false (F)
Credit Default Swap
What will be an ideal response?