Government policies intended to increase aggregate spending and output are called ________ policies.
A. expansionary
B. aggregate
C. fiscal
D. monetary
Answer: A
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At the short-run break-even point, the firm is
A) earning zero accounting profit. B) losing money. C) earning zero economic profit. D) ready to shutdown.
When an externality is present in a market, and correcting it increases the efficiency of the market, we can conclude it is a:
A. negative externality. B. positive externality. C. network externality. D. either a negative or a positive externality.
A narrowly diversified firm has wide economies of scope
Indicate whether the statement is true or false
Which of the following is not affected by the level of economic activity in a country?
a. The amount spent by entrepreneurs for the installation of new machinery b. The amount spent by consumers to buy goods and services c. The amount spent by government for the provision of social security d. The amount spent by government for the expansion of roadways