Author Question: As a result of the increased deficit associated with discretionary fiscal policy, _____. a. both ... (Read 32 times)

azncindy619 · **on:** Jun 30, 2018

As a result of the increased deficit associated with discretionary fiscal policy, _____.
a. both the interest rate and real output fall
b. both the interest rate and nominal output rise
c. the interest rate falls and real output rises
d. the interest rate rises and real output falls
e. nominal output rises, real output falls, and the interest rate rises

Question 2

An individual with a Ph.D. in physics who can find employment only in a pizza parlor would be considered:
a. discouraged.
b. underemployed.
c. overemployed.
d. voluntarily unemployed.
e. long-term unemployed.