It is more certain how expansionary monetary policy will affect the current account than how expansionary fiscal policy will affect it

John Rawls, who developed the way of thinking called liberalism, argued that government policies should be aimed at maximizing the sum of utility of everyone in society

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

What is an example of the scale effect?

A. Workers choose to provide more hours of labor when the wage rate decreases. B. The firm expands output when production costs increase. C. The firm hires more labor as long as the marginal product of labor is positive. D. The firm hires more labor when the wage falls because labor has become relatively cheaper compared to the price of other factors of production. E. The firm expands output when production costs fall.