In general, activists are ________ about the ability of fiscal and monetary policies to stabilize AD and non-activists are ________
A) pessimistic; optimistic
B) optimistic; optimistic
C) pessimistic; pessimistic
D) optimistic; pessimistic
D
You might also like to view...
If a professor gives up her job to open a shoe store, which of the following costs would an accountant tend to ignore?
A) The $1,500 per month lease for the shoe store. B) The $150 per month electricity bill. C) The $4,000 per month of income forgone by not being employed as a professor. D) The $200 business license, which, of course, is a sunk cost.
When net taxes increase and government purchases decrease, _____
a. the price level will rise b. money supply must rise c. the aggregate demand curve shifts leftward d. output and employment increase e. the aggregate supply curve shifts leftward
Suppose you received a 3 percent increase in your nominal wage. Over the year, inflation ran about 6 percent. Which of the following is true?
a. Your real wage fell. b. Your nominal wage fell. c. Both your nominal and real wages decreased. d. Although your nominal wage fell, your real wage increased. e. Both nominal and real wages increased.
How is the total cost of a factory or other production site determined?
(A) Fixed cost plus marginal cost. (B) Fixed cost plus variable cost. (C) Marginal cost plus variable cost. (D) Marginal cost plus output cost.