Economists Agree on All of the Following Statements EXCEPT Which

question 49

Multiple Choice

Economists agree on all of the following statements EXCEPT which one?

• A)Increases in the money supply shift aggregate demand to the right.
• B)In the long run, increases in the money supply increase prices, but not output.
• C)Recessions are associated with decreases in consumption, investment, and employment.
• D)Government should use fiscal policy to try and stabilize the economy.

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Definitions:

Social Responsibility

The practice of companies taking responsibility for the impact of their activities on the environment, consumers, employees, communities, and all other stakeholders.

Stakeholders

Individuals or groups with an interest or stake in the success of a project, business, or enterprise, including customers, employees, investors, suppliers, and the community.

Ethical Issue

a problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Counterfeit Goods

Fake products that are made to look genuine in order to deceive consumers.