In the First Half of 2008, Food and Energy Costs

question 2

Multiple Choice

In the first half of 2008, food and energy costs in the United States increased. At the same time, the financial crisis slowed production as firms predicted lower profits. A ________ macroeconomist would support the use of ________.

• A) classical; taxes to push the economy back to full employment
• B) Keynesian; fiscal or monetary policy to stimulate aggregate demand
• C) classical; monetary policy to stimulate aggregate demand
• D) Keynesian; technology to push the economy back to full employment

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Definitions:

Endocrine Gland

A gland that secretes hormones directly into the blood rather than through a duct, affecting various bodily functions.

Parathyroid

Small endocrine glands in the neck that produce parathyroid hormone, regulating calcium levels in the blood and bone metabolism.

Calcium Levels

Calcium levels refer to the concentration of calcium ions in a particular system, crucial for various biological processes including bone formation, muscle function, and blood clotting.

Endocrine Gland

Glands that secrete hormones directly into the bloodstream, playing a key role in regulating various bodily processes.