According to traditional Keynesian analysis, fiscal policy operates by
A. directly affecting aggregate demand.
B. indirectly affecting aggregate demand through its effect on the money supply.
C. directly affecting aggregate supply.
D. informing business people about its plans for the economy so they will know how to adjust their behavior.
Answer: A
Economics
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A person believes that real equality can only exist when political equality is coupled with economic equality. This person believes that democratic means should be used to distribute wealth evely throughout society. This person is a:
a) socialist b) communist c) capitalist d) authorian
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Which of the following conditions hold true for both the perfectly competitive firm and the monopoly at the profit-maximizing output level?
A) MR = P B) MC = ATC C) MC = P D) MR = MC
Economics