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Author Question: What is a household? How do households interact with firms in a market? What will be an ideal ... (Read 75 times)

fnuegbu

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on: Jun 29, 2018
What is a household? How do households interact with firms in a market?
 
  What will be an ideal response?

Question 2

If the economy is falling below potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? An increase in
 
  A) government purchases.
  B) the money supply and a decrease in interest rates.
  C) taxes.
  D) oil prices.


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bd5255

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A household consists of all persons occupying a home. Households supply factors of production used by firms to produce goods and services. Households also demand goods and services produced by firms.

Answer to Question 2

A


fnuegbu

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kusterl

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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