Monetary Policy and Fiscal Policy Influence

question 92

Multiple Choice

Monetary policy and fiscal policy influence

• A)output and prices in the short run and the long run.
• B)output and prices in the short run only.
• C)output in the short run and the long run.
• D)output in the short run only.

---

Definitions:

Scones

Scones are a type of baked good, often lightly sweetened and sometimes glazed, typically made of wheat, barley or oatmeal, and baking powder, and served with tea.

Marginal Cost

The swell in total charges associated with crafting an additional unit of a good or service.

Average Variable Cost

The total variable cost divided by the quantity of output produced, representing the variable cost for each unit of output.

Meals

Prepared food items or servings eaten or intended to be eaten at any particular time, such as breakfast, lunch, or dinner.