What Actions Should Be Taken Under the Internal-External Imbalance of Recession

question 50

Multiple Choice

What actions should be taken under the internal-external imbalance of recession and surplus?

• A)Expansionary fiscal policy to correct for recession,and expansionary monetary policy to correct for surplus
• B)Expansionary fiscal policy to correct for surplus,and contractionary monetary policy to correct for recession
• C)Contractionary fiscal policy to correct for recession,and expansionary monetary policy to correct for surplus
• D)Contractionary fiscal policy to correct for excess surplus,and contractionary monetary policy to correct for recession

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Definitions:

Nondiscriminating Monopolist

A monopolist that charges the same price to all consumers for its product, instead of setting different prices for different customers.

Demand Schedule

A chart displaying the amounts of a product or service that buyers are prepared and able to buy at different price levels.

Production Costs

The expenses involved in the process of producing goods or services, including raw materials, labor, and overhead costs.

Pure Monopolist

A single seller in a market that produces a unique product or service without close substitutes.