Economists
a. agree that the costs of moderate inflation are low and that the cost of reducing inflation is small.
b. agree that the costs of moderate inflation are low, but disagree about the cost of reducing inflation.
c. disagree about the costs of moderate inflation, but agree that the cost of reducing inflation is small.
d. disagree about the costs of moderate inflation and disagree about the cost of reducing inflation.
d
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Populist policies are not successful even in the immediate short run at stimulating the economy and creating jobs
Indicate whether the statement is true or false
Starting from full employment output, fiscal policy will be completely crowded out in real terms, even with __________ LM curve, so long as prices are __________
A) a vertical; flexible B) a vertical; fixed C) an upward-sloping; flexible D) an upward-sloping; fixed