The socially optimum equilibrium occurs where the private cost curve intersects the demand curve

The changing of government expenditures or taxes to achieve national economic goals is

A) inflationary fiscal policy. B) automatic fiscal policy. C) recessionary fiscal policy. D) discretionary fiscal policy.

The existence of stagflation in the 1970s undermined the credibility of demand-management policies

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