Which one of the following is an area of agreement among modern macroeconomists with regard to the use of fiscal policy?
What will be an ideal response?
It is difficult to time changes in discretionary fiscal policy in a manner that will promote stability.
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If the total utility derived from consuming three oysters was 40 utils and the total utility derived from consuming four oysters was 62 utils, what was the marginal utility derived from the consumption of the fourth oyster?
A) 102 utils B) 62 utils C) 22 utils D) It is impossible to determine.
The goals of monetary policy tend to be interrelated. For example, when the Fed pursues the goal of ________, it also can achieve the goal of ________ simultaneously
A) high employment; economic growth B) high employment; lowering government spending C) economic growth; a low current account deficit D) stability of financial markets; a low current account deficit