Economists Believe That Active Help from Fiscal and Monetary Policy

question 75

Multiple Choice

economists believe that active help from fiscal and monetary policy is needed to insure that the economy is operating at full employment.

• A) All
• B) Classical
• C) Keynesian
• D) Monetarist

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Definitions:

Price

The cash amount forecasted, required, or paid out for acquiring something.

Normal Good

A product or service for which demand increases as consumer income increases, and vice versa, demonstrating a direct relationship between income and demand.

Income

The financial gain earned by an individual or entity, typically through wages, investments, or other forms of revenue.

Demand

The desire to own goods or services combined with the ability and willingness to pay for them.