Policy makers who believe that the costs of unemployment are very high will tend to favor which of the following during a recessionary gap?
a. moderate fiscal stimulus, no monetary stimulus
b. fiscal and monetary tightness
c. moderate monetary stimulus, fiscal tightness
d. strong fiscal and monetary stimulus
d
Economics
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Can a firm's average variable costs be falling if they are less than the firm's marginal costs? Explain
Economics
The bowed-out-from-the-origin shape of the production possibilities curve occurs because resources are
a. equally well-suited to production of both goods b. not being used efficiently c. not always of equal quality and some are better suited to the production of one type of good than others d. increasing as more of one good is produced e. of an increasingly inferior quality
Economics