Which of the following is considered an advantage of monetary policy compared to fiscal policy?
A. It is blunter and more politically obvious than fiscal policy
B. It does not have any of the time lags of fiscal policy
C. Its relative isolation from political pressure
D. Its cyclical asymmetry
C. Its relative isolation from political pressure
Economics
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By using only the aggregate demand curve, we can determine
A) only the price level. B) only the quantity of real GDP. C) both the price level and quantity of real GDP. D) neither the price level nor the quantity of real GDP.
Economics
In Figure 1.1, which labeled point indicates that there are sufficient resources and technology to produce the combination of goods represented by that point?
A. only A B. only B and C C. only D D. A, B, and C
Economics