If the federal government tries to make fiscal policy sustainable by decreasing expenditure on government capital goods, private capital goods will become ________ productive, and this will result in ________ potential GDP
A) more; lower
B) more; higher
C) less; lower
D) less; higher
C
Economics
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What is meant by the marginal rate of transformation?
What will be an ideal response?
Economics
Contractionary monetary policy causes
A) aggregate demand to fall and the price level to rise. B) aggregate demand to rise and the price level to rise. C) aggregate demand to rise and the price level to fall. D) aggregate demand to fall and the price level to fall.
Economics