Stabilization policy refers to the use of:
A. only fiscal policy.
B. policy to shift the long-run aggregate supply curve.
C. either fiscal or monetary policy.
D. only monetary policy.
Answer: C
Economics
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In Figure 3-7 above, if natural real GDP = $2500, AP = $250, and the change in "a" = change in I = change in NX = 0, the tax cut required to achieve then natural real GDP is
A) $312.50. B) $250.00. C) $500.00. D) none of the above.
Economics
In the simple circular flow diagram, the flow of money from the markets for goods and services to the firms is called
a. spending. b. revenue. c. income. d. wages, rent, and profit.
Economics