Fiscal policy affects the economy
A. only in the short run.
B. only in the long run.
C. in both the short and long run.
D. in neither the short nor the long run.
Ans: C. in both the short and long run.
Economics
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Daily foreign exchange transactions have grow from about $15 billion in 1973 to about $4 trillion today
Indicate whether the statement is true or false
Economics
On a graph showing the influence of automatic stabilizers on the economy, government expenditures on transfer payments and real GDP have a(n):
A. direct relationship as shown by an upward-sloping line. B. direct relationship as shown by a downward-sloping line. C. inverse relationship as shown by an upward-sloping line. D. inverse relationship as shown by a downward-sloping line.
Economics