Fiscal Policies Typically Affect the Short-Run Level of GDP Because

question 27

Multiple Choice

Fiscal policies typically affect the short-run level of GDP because they cause shifts in the ________,but they will not generally have any long-run effects on real GDP unless they affect ________.

• A)AS curve; factor-utilization rates
• B)AS curve; factor supplies or factor productivity
• C)AD curve; factor-utilization rates
• D)AD curve; the unemployment rate
• E)AD curve; the level of potential output

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Definitions:

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