Incentive-based regulations provide polluters no incentive to reduce pollution and are thus not used often.

Gross domestic product can be calculated

A) either by valuing the nation's output of goods and services or by valuing the income generated in the production process. B) by adding up the personal consumption of all members of the society. C) by adding up the value of all intermediate goods used in the economy. D) by adding up the income tax returns of all members of the society.

The Keynesian revolution was based on the assumption of price and wage ________ and thus the need for an activist ________ policy

A) flexibility, monetary B) flexibility, fiscal C) stickiness, monetary D) stickiness, fiscal