Productive efficiency implies that
A) all consumers' wants are satisfied.
B) no advance in technology will occur in the future.
C) the attainable region is greater than the unattainable region.
D) gains are impossible in one area without losses in another.
E) all of the above
D
Economics
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Fiscal policy affects the economy
A. only in the short run. B. only in the long run. C. in both the short and long run. D. in neither the short nor the long run.
Economics
In the short run, expansionary fiscal policy usually will
A) decrease the price level and decrease real GDP. B) increase the price level and increase real GDP. C) decrease the price level and increase real GDP. D) increase the price level and decrease real GDP.
Economics