Refer to the information provided in Figure 32.2 below to answer the question(s) that follow. Figure 32.2Refer to Figure 32.2. According to monetarists, an expansionary fiscal policy in the long run and after all the adjustments have been made

A. increases the price level above P1, but does not change equilibrium output.
B. increases equilibrium output above Y1 and decreases the price level below P1.
C. does not increase equilibrium output or the price level.
D. increases equilibrium output above Y1, but does not change the price level.

Answer: A

Economics

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The goal of price discrimination is to

a. Convert consumer surplus to producer surplus b. Maximize profits c. Both a and b d. Make pricing decision difficult

Economics

Negotiations between the management of a company and the management of a union for the purpose of setting a mutually agreeable contract on wages, fringe benefits and working conditions for all employees in a union is know as

A) a closed shop. B) a union shop. C) collective bargaining. D) an industrial union.

Economics