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Author Question: The Keynesian approach to fiscal policy calls for: a. budget deficits during periods of ... (Read 37 times)

mpobi80

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on: Jun 30, 2018
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


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momolu

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

d

Answer to Question 2

False


mpobi80

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  • Posts: 519
Reply 2 on: Jun 30, 2018
Excellent

peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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