During which time will fiscal policy be the most effective?
A) normal times
B) times of war
C) in the middle of expansions
D) times of stagflation
Answer: B) times of war
Economics
You might also like to view...
Generating electricity creates air pollution. This industry, if left unregulated, will produce at an inefficient market equilibrium where
A) marginal private cost equals marginal social benefit. B) marginal social cost equals marginal social benefit. C) marginal social cost equals marginal private cost. D) marginal social benefit is greater than marginal social cost.
Economics
In 2008, the nominal GDP of the United States was approximately
a. $11.0 trillion b. $14.4 trillion c. $10.1 trillion d. $12.0 trillion e. $7.5 trillion
Economics