When government decides to use fiscal policy:

A. the information for how much to change taxes is readily available.
B. the expedited process of approval aids with quick enactment.
C. it always keeps the economy closer to potential GDP than it otherwise would be.
D. It may take time to implement it.

D. It may take time to implement it.

Economics

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A price ceiling set below the equilibrium price creates a shortage

a. True b. False Indicate whether the statement is true or false

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"Profits are a reward for risk-bearing" would be a view held by

A. Joseph Schumpeter. B. Frank Knight. C. Henry George. D. Karl Marx.

Economics