Author Question: Which of the following is not a weakness of fiscal policy as a tool of economic stabilization? a. ... (Read 51 times)

bb

  • Hero Member
  • *****
  • Posts: 544
Which of the following is not a weakness of fiscal policy as a tool of economic stabilization?
 a. It is ineffective in dealing with stagflation.
 b. Its correct implementation depends on an accurate estimate of potential output.
 c. It is subject to lags.
 d. It affects only aggregate demand but does not have any impact on aggregate supply.
  e. Households may not respond to changes they perceive as permanent.

Question 2

Wage and MFC differ for a monopsonist because:
 a. the monopsonist is forced to pay a wage greater than the worker's MFC.
  b. the monopsonist must accept the market wage rate.
  c. workers are not as efficient when employed by a monopsonist.
  d. any wage increase applies to all workers, not just to the next hired.
  e. wage rate decreases force workers to work longer hours.



jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

e

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

For a complete list of videos, visit our video library