A specific reduction in government spending will dampen demand-pull inflation by a greater amount the:
A. smaller is the economy's MPC.
B. flatter is the economy's aggregate supply curve.
C. smaller is the economy's MPS.
D. less is the economy's built-in stability.
C. smaller is the economy's MPS.
Economics
You might also like to view...
If the economy was about to enter an inflationary boom, which of the following would be the most appropriate policy?
a. A tax increase. b. A decrease in government spending. c. An increase in government spending. d. A tax decrease.
Economics
As of 2013, to be in the top quintile for income distribution in the United States, a household needed in income at least
A. $140,000. B. $85,000. C. $52,000. D. $117,000.
Economics