An oligopoly will always use game theory to maximize sales rather than profits

A requirement that the budget be balanced in each calendar year is a misguided overreaction to the fear that in some cases

a. budget surpluses can become too large. b. budget deficits can become too large. c. interest rates would rise. d. interest rates would fall.

Which of the following economic perspectives focuses on the need for government to use spending and taxes to shift aggregate demand and thus correct problems of unemployment and inflation?

A. Monetarists. B. Supply-side. C. Keynesian. D. Classical.