Fiscal policy suffers from the problem of:
A. being slow to implement.
B. being formulated and implemented by politicians subject to short-run incentives.
C. being influenced by special interest groups.
D. all of the answers given are correct.
Answer: D
Economics
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In the above figure, the firm will shut down if price falls below
A) F. B) I. C) H. D) E.
Economics
Suppose the price level increases by 5 percent and the nominal wages of workers increase by 3 percent during a particular year. This implies that the real wage has: a. declined by 2 percent
b. declined by 8 percent. c. also increased by 2 percent. d. also increased by 8 percent. e. remained constant.
Economics