Passive macroeconomic policy would rely on natural market forces and automatic stabilizers to close an expansionary gap

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The minimum point on the average variable cost curve is called

A) the shutdown point. B) the break-even point. C) the loss-minimizing point. D) the point of diminishing returns.

Economics

Elasticity of demand is calculated by dividing the change in quantity by the change in the price of a good.

Answer the following statement true (T) or false (F)

Economics