The Keynesian approach to fiscal policy calls for: a. budget ...

[mpobi80]

The Keynesian approach to fiscal policy calls for:
 a. budget deficits during periods of inflationary pressure.
  b. budget surpluses during periods of high unemployment.
  c. a balanced budget despite the state of the economy.
 d. tax cuts during recession.
 e. spending increases during inflation.

Question 2

A monopolistic competitive firm in the long run sets price equal to the minimum point on the long-run average cost curve.
 a. True
  b. False
  Indicate whether the statement is true or false

[momolu]

Answer to Question 1

d

Answer to Question 2

False

[mpobi80]

Excellent

[carlsona147]

Gracias!