"The Only Thing That Results from Expansionary Demand-Side Fiscal Policy

question 100

Multiple Choice

"The only thing that results from expansionary demand-side fiscal policy is that the price level will rise." The economist who said this most likely believes that

• A) there is likely to be a lot of crowding out if government spending rises.
• B) the AS curve is vertical.
• C) there is unlikely to be much crowding out if government spending rises.
• D) investment is interest inelastic.
• E) b and c

Differentiate between various types of damages and their application in contract law.

Understand the types and functions of conditions in contracts.

Identify the consequences of a breach of contract.

Recognize the principles of compensatory and other forms of damages.