The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as
A) fiscal neutrality.
B) a recession.
C) complete crowding out.
D) inflation.
C
Economics
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In a market system, which of the following is a symptom of market failure?
a. competition b. falling prices c. scarcity of resources d. air pollution that those exposed object to
Economics
A profit maximizing monopolist always chooses to operate at the output level where
A. P = MR = MC. B. MR = MC = AC. C. P > MR = MC. D. P < MC = MR.
Economics