Irregular fluctuations in economic activity are known as the

The U.S. experience during the 1980s and 1990s illustrates that

a. fiscal policy is substantially more potent than monetary policy. b. a balanced budget is essential for the achievement of price stability. c. a monetary policy that keeps the inflation rate low and steady will help promote economic stability. d. there is a trade-off between inflation and unemployment-the unemployment rate can be reduced if we are willing to tolerate higher rates of inflation.

Issues of the distribution of goods and services and incomes in a competitive market system are the primary topic of which fundamental question?

A. How will the system promote progress? B. Who will get the goods and services? C. How will the goods and services be produced? D. What goods and services will be produced?