For the most part, fiscal policy affects the economy in the short run while monetary policy primarily matters in the long run

For a "change in the quantity supplied" but not "a change in supply" to occur, there must be a

A) rightward shift of the supply curve. B) rightward shift of the demand curve. C) leftward shift of the demand curve. D) Both answers B and C are correct.

If consumer purchases of a good are highly sensitive to the price of the good, economists say the demand for the good is relatively

a. inelastic. b. elastic. c. robust. d. inverse.