Which of the following statements are true?
A. Fiscal policy and monetary policy are different means used to attain the same goals.
B. Budget deficits are most appropriate during recessions rather than periods of inflation.
C. Automatic stabilizers help smooth out the business cycle.
D. All of the statements are true.
D. All of the statements are true.
You might also like to view...
What's the basis for arguing that deficits are likely to lead to lower living standards in the future?
If demand is ______ to changes in price, it is considered to be perfectly elastic.
a. unresponsive b. slowly responsive c. slightly responsive d. extremely responsive
The negative slope of the demand curve reflects the:
A. positive relationship between price and quantity demanded. B. proportional relationship between price and quantity demanded. C. inverse relationship between price and quantity demanded. D. inverse relationship between income and quantity demanded.
Bill owns "Bill's Home of Blues" a store that specializes in selling CDs and DVDs of blues musicians of the 1960s and 1970s. Bill took out a loan from his bank to pay for his store and its initial inventory. Bill pays the bank $900 per week for his loan
The $900 bank payment A) is a long-run implicit cost. B) is a fixed cost. C) is a short-run implicit cost. D) is a variable cost.