Activists believe that
A) there is sufficient flexibility in wages and prices to allow the economy to equilibrate at full-employment Real GDP in a reasonable period of time.
B) discretionary fiscal policies do not work.
C) discretionary monetary policies do not work.
D) fine-tuning to smooth out the business cycle is feasible.
D
Economics
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In an idealized laissez-faire world, the distribution of products is
a. the most efficient. b. the most fair. c. purely random. d. unpredictable.
Economics
Explain why the marginal revenue product of labor curve is the firm's short-run demand curve for labor.
What will be an ideal response?
Economics