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Author Question: Demand-pull inflation is associated with: a. decreasing total spending (demand). b. increasing ... (Read 79 times)

xroflmao

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on: Jun 30, 2018
Demand-pull inflation is associated with:
 a. decreasing total spending (demand).
  b. increasing total spending (demand).
  c. decreasing costs of production (supply).
  d. increasing costs of production (supply).

Question 2

Describe appropriate discretionary fiscal policy according to Keynesian economics to smooth out the business cycle.


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cici

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

The government should increase its spending and/or reduce taxes (run a deficit), or increase government spending and taxes by the same amount to combat a recession. The government should do just the opposite to combat inflation during an economic expansion.


xroflmao

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Hdosisshsbshs

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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